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

19 Sept 2023

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.
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.

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VanEck's research makes a compelling case for why Bitcoin may be a better investment than gold. While gold has historically been a store of value, Bitcoin offers several unique advantages in the modern financial landscape. Firstly, Bitcoin's limited supply and decentralized nature make it resistant to inflation, a concern that has always loomed over traditional fiat currencies and even gold to some extent. This scarcity could potentially drive long-term value appreciation. Secondly, Bitcoin's transparency and security through blockchain technology provide a level of trust that gold, with its susceptibility to counterfeiting, can't match. The ease of verification and traceability of Bitcoin transactions adds a layer of reliability. Furthermore, the digital nature of Bitcoin allows for easy transfer and storage, making it more accessible and convenient for a global audience, especially in an increasingly digital world.
Interesting perspective. In some ways i'd have to agree but at the same time currency was backed by gold for a long time. So sats have a little more of a way to go to take the crown
@othan72 In my perspective, the decentralized nature of Bitcoin and its limited supply makes it an alternative to traditional assets. We need to accept that the potential for borderless transactions and the ability to store and transfer wealth digitally easily are game-changers.
Yes it is far better than gold in my opinion
The limited supply of Bitcoin makes it so
it would be good to invest in both products
Investors are increasingly recognizing Bitcoin as a modern store of value, and it's no surprise why. Its scarcity, portability, and the underlying blockchain technology make it a compelling alternative to traditional assets like gold. As the world continues to embrace digital currencies, Bitcoin's role as a long-term investment is gaining prominence.