Bitcoin better than gold: here's why to invest (VanEck research)

tHRL...ErVX
19 Sept 2023
55


Bitcoin has been compared to gold since its inception, as both are scarce assets that can be used as a store of value. However, there are a number of reasons why Bitcoin may be a better investment than gold in the long term.
Here are some of the key advantages of Bitcoin over gold, according to VanEck research:

  • Scarcity: Bitcoin has a fixed supply of 21 million coins, while gold is a finite resource, but its supply is constantly increasing as new mines are discovered and existing mines are expanded.
  • Portability: Bitcoin can be easily stored and transferred electronically, while gold is a physical asset that can be difficult and expensive to transport.
  • Divisibility: Bitcoin can be divided into smaller units, known as satoshis, which makes it more accessible to investors of all income levels. Gold, on the other hand, is not as easily divisible.
  • Network effect: Bitcoin is supported by a global network of miners and users, which gives it a strong competitive advantage over other digital assets.

In addition to these advantages, Bitcoin is also a relatively new asset class, which means that it has more potential for growth than gold. Gold has been around for centuries and its price has been relatively stable over time. Bitcoin, on the other hand, is still a relatively new asset class, and its price has been more volatile. However, this volatility also presents an opportunity for investors to generate high returns.
How to invest in Bitcoin
There are a number of ways to invest in Bitcoin. The most common way is to buy it directly from a cryptocurrency exchange. There are also a number of Bitcoin investment funds and ETFs available.
If you are new to Bitcoin, it is important to do your research and understand the risks involved before investing. Bitcoin is a volatile asset, and its price can fluctuate wildly. It is also important to note that Bitcoin is not regulated by any government or financial institution.
Conclusion
Bitcoin is a new and innovative asset class with a number of advantages over gold. It is scarce, portable, divisible, and has a strong network effect. Bitcoin is also a relatively new asset class, which means that it has more potential for growth than gold.
If you are looking for an investment with the potential to generate high returns over the long term, Bitcoin may be worth considering. However, it is important to do your research and understand the risks involved before investing.

Write & Read to Earn with BULB

Learn More

Enjoy this blog? Subscribe to othan72

7 Comments

B
No comments yet.
Most relevant comments are displayed, so some may have been filtered out.