Bitcoin and gold share some similarities in that they are both decentralized and not controlled by any government or central authority. Both assets have been used as a store of value and a hedge against inflation. However, there are also significant differences between the two. Gold has been used as a store of value for thousands of years, while bitcoin is a relatively new asset. Additionally, gold is a physical asset that can be held in the hand, while bitcoin is a digital asset that is stored on a decentralized network. Bitcoin is also more easily transferable and divisible, so it can be used for smaller transactions and as a medium of exchange.
It is worth to note that, some experts and investors consider Bitcoin as a digital gold, because of the similarities in their use cases, but it is important to understand that Bitcoin is still a new asset class with a lot of volatility, and it is different from traditional assets such as gold. Ultimately, the choice of whether to hold gold or bitcoin, or both, depends on an individual's financial goals, risk tolerance, and investment strategy.
The value of bitcoin can be highly volatile and difficult to predict. It has seen significant increases in value in the past, but it has also experienced major declines. Some financial experts believe that it has the potential to be a valuable asset in the long term, while others are more skeptical. Ultimately, whether or not bitcoin is a valuable asset to hold is a matter of personal opinion and individual financial circumstances.
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I hold a quantity of both BTC and Precious metals and get the best of both assets in my portfolio. It doesn't have to be one or the other.
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That's a very good move, I have only btc, no space to store precious metals... xd
It was epic.
This 1 troy ounce gold coin along with several collectable silver bullion were purchased back in 2021 with crypto proceeds of Dogecoin sales. I also traded most of my Dogcoin for 0.20 BTC.
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Cool!!!