Bitcoin vs Gold Comparison, Which is Most Worth It?

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Bittime - In this digital era, Bitcoin has emerged as a new prima donna in the investment world, challenging the dominance of gold which has long been a safe haven asset. A dilemma arises: which one is more worth investing in for the future? Let's compare Bitcoin and gold in more depth through this article!

Scarcity: Factors Driving Value Increases

Bitcoins

Dubbed “digital gold,” Bitcoin has a limited quantity of just 21 million. This scarcity is one of the main factors driving its value to increase in the future. According to experts, the scarcity of Bitcoin is even higher than that of gold.

Gold

Gold is a rare natural resource, but its quantity is not limited to Bitcoin. New supplies of gold are continually being discovered and mined, which can affect its value. Despite this, the rate of new gold discoveries is slowing, reinforcing its value as a rare asset.

Security: Safeguarding Assets from Threats

Bitcoins

Bitcoins are stored in encrypted digital wallets, providing security from physical theft. However, digital wallets are vulnerable to hacking and cyber fraud, which investors need to be aware of.

Gold

Gold can be stored physically in the form of bars or coins, offering security against hacking. However, physical storage requires a safe and secure place, and is risky when moved in large quantities.

Portability: Ease of Carrying Assets

Bitcoins

Bitcoin is easy to carry and move digitally. You can access it anywhere with an internet connection, allowing flexibility and convenience for investors.

Gold

Gold is easy to move in small amounts, but becomes difficult and risky when in large amounts. Shipping physical gold requires safe and reliable logistics, a factor that needs to be considered.

Volatility: Fluctuations in Asset Value

Bitcoins

Bitcoin is famous for its high volatility. Their value can rise and fall drastically in a short period of time, presenting investors with huge potential profits and risks.

Gold

Gold is relatively more stable than Bitcoin. Their value tends to rise slowly and rarely experiences drastic fluctuations, offering security and stability to investment portfolios.

Functionality: Use of Assets in Transactions

Bitcoins

Currently, Bitcoin is still not widely used as a means of payment in the real world. Acceptance of Bitcoin as a means of payment is still limited, although its potential continues to grow.

Gold

Gold has long been accepted as a means of payment and store of value in various cultures and countries. The functionality of gold as a medium of exchange and store of value has been tested for centuries.

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Conclusion: Determining the Best Investment Choice

Both Bitcoin and gold have their own advantages and disadvantages. Bitcoin offers the potential for high profits with high risks, suitable for bold and growth-oriented investors. Gold offers stability and security, ideal for investors who want a diversified portfolio and minimal risk.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.  

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn  Complete Guide How to Buy Crypto on Bittime .  

Monitor price chart movements of Bitcoin (BTC) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime. 

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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.