5 reasons why Bitcoin could be a better long-term investment than gold

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 71 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Here's the case for Bitcoin as a better investment than gold:

The emergence of forty-year high inflation readings and the increasingly dire-looking global economy has prompted many financial analysts to recommend investing in gold to protect against volatility and a possible decline in the value of the United States dollar.

For years, crypto traders have referred to Bitcoin as “digital gold,” but is it actually a better investment than gold? Let’s take a look at some of the conventional arguments investors cite when praising gold as an investment and why Bitcoin might be an even better long-term option.and Bitcoin is that they have a history of holding their value through times of economic uncertainty.

This fact has been well documented, and there’s no denying that gold has offered some of the best wealth protection historically, but it doesn’t always maintain value. The chart below shows that gold traders have also been subject to long bouts of price declines.For example, a person who bought gold in September of 2011 would have had to wait until July 2020 to get back in the green, and if they continued to hold, they would once again be near even or underwater.

In the history of Bitcoin, it has never taken more than three to four years for its price to regain and surpass its all-time high, suggesting that on a long-term timeline, BTC could be a better store of value.good hedge against inflationBut, a closer look at the chart for gold compared with Bitcoin shows that while gold has seen a modest gain of 21.84% over the past two years, the price of Bitcoin has increased 311%.

Gold is called the crisis metal so I’d assume if we enter into a recession again, gold will go up as a commodity

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

The exchanges earn millions of dollars, when they are interested they buy Btc and people are sick of being sold the crypto paradise. Many months down. The exchanges Instead of investing to motivate the sector, (they only collect). They'll be alone, soon.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 562. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Crypto Bear Market Opportunities: Make the Most of a Crypto DownturnIn traditional markets, the wash-sale rule stops people from selling an investment for a loss and then quickly rebuying it. But this is the crypto market. jacksonwoodHQ caw will be pump while markets dumps jacksonwoodHQ CAW jacksonwoodHQ caw666
Källa: CoinDesk - 🏆 291. / 63 Läs mer »

Crypto Market Cap Lost $100B in 3 Days as Bitcoin Drops Below $30K (Weekend Watch)The crypto market cap has seen $100 billion evaporate in the past three days, as bitcoin failed to conquer $30,000.
Källa: Crypto_Potato - 🏆 568. / 51 Läs mer »

Layoffs Spread Across the Blockchain Industry as Bear Market Cycle Impacts Crypto Firms – Bitcoin NewsDuring the past few months, the bear market cycle is starting to take its toll on the crypto industry’s workforce. We will scale through 💪 $PAW It's a shame that people have to lose their jobs. But I'm sure that soon everything will be fine
Källa: BTCTN - 🏆 531. / 51 Läs mer »