Bitcoin is a wild card compared to gold

Bitcoin is a wild card compared to gold. Despite the “gold rush” of the past two decades, Bitcoin has proven to be a much better investment.

$ 100 invested in gold 20 years ago would now be worth $ 500, while investing in Bitcoin would have returned $ 16,381,493.

“If you invested $ 100 in gold 20 years ago, you would now have $ 500
If you invested $ 100 in Bitcoin 9 years ago, you now have $ 16,381,493.
Damn it with gold. Buy bitcoin. “

stresses Thrillmex on Twitter.

Even with a value below the maximum price of 2017, the cryptocurrency has a great potential for profitability compared to gold.

True, the $ 100 investment in Bitcoin should have happened in the beginning. In almost 11 years, Bitcoin has moved from its initial trading below $ 1 and reached its current price of about $ 8,000.

Aur versus Bitcoin

Gold, on the other hand, has a history of thousands of years. However, in the 21st century, not all investments in gold are real. Buying an ETF or other type of fund can mean that real gold is kept somewhere away. It may be a store of value and offer speculative earnings, but it is not an alternative means of payment.

Owning and using physical gold as a potential means of payment in the event of fiat payments disappearing has its limitations. Instead, Bitcoin storage is much simpler and access is immediate. For homeowners who know how to protect their private keys, there is also a reduced risk of theft or confiscation. Traveling with gold coins is a risk – travel with a private key is virtually invisible. Bitcoin is infinitely more portable.

Bitcoin payments are still completely uncensored. Having control of private keys means having an instrument for unlimited cross-border payments. The Bitcoin network has also proven incredibly resilient, not only has it survived, but it has thrived and expanded over the past decade.

Despite short-term, long-term volatility, Bitcoin represents and functions as a store of value.