Bitcoin VS Gold Which is Best ? today we are discussing a very hot topic. i.e. Bitcoin VS gold.
As global crypto markets continue to Fall, the old gold vs bitcoin debate is back. It’s been an evenly matched game so far, with roughly equal numbers of believers and critics on each side.
Bitcoin can give you fast and more returns than Gold.It is tech-savvy, easy to carry, easy to store, easy to distribute and a so-called hedge against inflation. But over the past four and a half years, Bitcoin (BTC) has almost returned to its previous price.
BTC touched a high of $20,089 on 17th December 2017. After going through several rounds of pump and dump, even touching a high of around $69,000 last year, the most popular cryptocurrency came back this month breaking below the $20,000 level. As of yesterday, Bitcoin hit a low of $19,848, according to CoinMarketCap data.
As of today, the price of 24-carat gold in the US is 55.37452 USD per gram. In December 2017, the price of the yellow metal was around 41.400 USD per gram. In percentage terms, since December 2017, the price of gold has increased by about 75%.
No one knows how the fortunes of these two assets will change in the future. But if current prices are concerned, gold is the clear winner, at least so far.
If you bought bitcoins almost four and a half years ago on 17th December 2017, you would have the same amount as you had then, forget the so-called hedge against inflation.
Bitcoin price has increased annually till the year 2021. But the story of the most popular cryptocurrency this year has been disappointing. With a looming recession in the US and rising inflation-induced uncertainties, Bitcoin’s future looks shaky.
