• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Binance Sees $218 Million In Outflows Following CFTC Lawsuit
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Binance Sees $218 Million In Outflows Following CFTC Lawsuit

Gold Vs Bitcoin. Which is a Better Investment?

NewsBTC by NewsBTC
8 years ago
in Uncategorized
Reading Time: 2 mins read
Advertisement
Advertisement

Bitcoin has been said to be the new gold. The global monetary system is in a runaway inflation; investors have always considered gold as an escape from inflation and a last resort against governments that have the power to divert funds from individual accounts and central banks with the capacity of printing money and unleash devaluation politics. Gold often benefits when exposed to inflationary environments because it is still one of the best ways to preserve the value and one of the best methods of escaping government control. Bitcoin is very similar to gold; it’s scarce, it can be used as a mean of exchange and it also works outside of the government control.

Gold has been used as medium of exchange throughout history; however, its inherent characteristics make it quite inefficient as a payment method. Gold is difficult to store or carry and is also very inappropriate for small transactions. On the other hand, Bitcoin is extremely simple to store, easy to carry and also an excellent store of value working as an asset outside of the banking system and government control.

bitcoin vs gold investment

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

One aspect that outlays bitcoin is that is a fairly new currency with limited acceptability, but its huge impact made it the fastest-growing medium of exchange to date.

Judging from the current panorama and within a cautious approach, I would say that gold still comes out as a winner as a long-term investment because of its real intrinsic value, it’s a tangible asset with a stable price, and because people will always accept gold. And we have the history that proves it. All in all, bitcoin also can be considered as a winner on the speculative side of investment simply because its volatility offers speculators far more profitable trading chances than any other asset.

Also, if bitcoin succeeds as a currency it will turn out to be the best option for long term investment. Bitcoin’s acceptance has been growing by the minute. Big companies are having a sudden interest in the potential of this technology and the amazing capabilities of the Blockchain. Let’s hope this can help bitcoin succeed as a currency as well.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Link to Source

Image source: 1, 2

Tags: bitcoingoldinvestingNewsOpinionOther
Tweet123Share198ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
NewsBTC

NewsBTC

Related Posts

Dogecoin

Dogecoin Inches Closer To $0.08 After Burger King Tweets ‘Need DOGE’

2 hours ago
Chainlink (LINK)

LINK Price Prediction: Chainlink Gearing For Another Lift-Off to $8

2 hours ago
Ethereum

Ethereum Price Indicators Suggest Strengthening Case For Rally Above $1,850

3 hours ago
Bitcoin

Bitcoin Price Regains Strength As The Bulls Target Fresh Monthly High

5 hours ago
Bitcoin

Is Bitcoin’s Security at Risk? Experts Weigh In

9 hours ago
XRP Breaks Major Trendline, Rises 49% Amid Regulatory Uncertainty

XRP Breaks Major Trendline, Rises 49% Amid Regulatory Uncertainty

9 hours ago

Premium Partners

Play Finance

Trending Projects

  • 4 Best Upcoming ICO For 2023

    1 week ago
  • Crypto Investment for Long Term Growth in 2023

    1 week ago
  • 5 Cryptocurrency To Invest In 2023

    1 week ago

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
  • The Future Of The Crypto Industry And One Of Its...

    18 hours ago
  • Don’t Miss TMS Network (TMSN) 100x Growth Train; Algorand...

    20 hours ago
  • Riding The 2023 Bull: How Bitcoin, Ethereum, And SignUp...

    21 hours ago
  • Three Unique Top Presales To Buy in 2023: RobotEra...

    21 hours ago
  • Meta Masters Guild On Track to Become Web3’s Largest...

    22 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.