Topic: Gold gaining less attention to bitcoin (Read 679 times)

Speaking about the impracticality of gold, I mean that even in ancient times it was noticed that it is soft, and neither a sword nor a sickle for harvesting can be made from it. In general, you understand - I mean practicality in everyday life with use in practical needs. I know very well that in our time gold is used in electronics and the like, but this is now. Bitcoin is a great asset, and I am glad that it is available to everyone. Although I always smile when I hear colleagues at work talking who are not knowledgeable in cryptocurrencies. They think that Bitcoin is bought individually without dividing into parts (satoshi).

I would also invest in both and would even tend to hold more gold than bitcoin if I had a significant amount of assets. If I were rich, I would need security and stability, I wouldn't want to take risks. But for now I would choose bitcoin over gold because my goal is to make more money and improve my life, and gold cannot meet that requirement. Many people are leaning towards bitcoin over gold, and I think they have the same mindset and goals as me, all want to be rich. But if they become rich in the future, they will definitely want safety and they will return to gold instead of badmouthing it like they do now. .

You are right, both have different pros, cons and use cases, I don't think there is any need to compare them with each other and come to a conclusion about which one is better.

Isn't this expected? I mean gold has been around for thousands of years, whereas bitcoin has been around for less than two decades, so attention gold could take has already been given to it, there is nothing that is complicated there, we are seeing it become a lot better. We need to realize that things could be a bit different in this case, and because of that bitcoin will gain more attention.

It's the same as bitcoin having less volatility compared to a low cap token, bitcoin is almost two trillion dollars marketcap, going 10% is a lot of task, it's a lot of money, billions, whereas you can spend a million on some low cap token and it could go x10 higher. Of course the gap between bitcoin and gold isn't that big, but it's not that far away neither.

Their reasons are obvious. You can see how bitcoin is bearly less than 16years  old and is growing so rapidly chasing the market cap of gold, so you don't need to ask again because it's surly obvious that bitcoin is the best asset to invest in right now regardless of anything.

Talking about not investing earlier, gold has been the best investment opportunity for a very long time, which almost everyone see as the best investment opportunity but as bitcoin emerged and did pretty well, it took the attention of everyone and many people are beginning to switch. So you can't ask why they didn't invest earlier because everyone must surely try to see how far an asset will last before they can invest to avoid Ponzi sceme.

That I don't know, I don't think It will be possible anytime soon because for bitcoin to be a legal tender it must be accepted generally by everyone but since most people don't want bitcoin it will not be possible as thought.

If you have enough funds to invest in both, much better. Because these 2 types have their own pros and cons. You can exhaust their potential if you can have these investments. Gold is a tangible asset that has more stable price and won't go down hard when you are sleeping. BTC is still a volatile asset that you can't trust yet for long-term holding. You still need to monitor the market.

I want to emphasize on the gold and the Bitcoin because I know that since existence of Bitcoin gold has lost early ever right from when bitcoin started having influence many people who knows about good who also trade with good as abandoned good and focus on Bitcoin because then see bitcoin as available asset that is why many of them queue up in Bitcoin trading and bitcoin investment so I believe that the comparison did you bitcoin and the goat bitcoin will be at 85% positive while good will be out 45% positive and it investment so many persons have line up with the Bitcoin for their investment because of the awareness or Bitcoin in last two years

It’s true Bitcoin is grabbing all the attention right now, but I think people are too quick to forgot about the gold. Gold has stood the test of time,thousands of years as a reliable store of value. Bitcoin’s rise is exciting but you know misuse of bitcoin can really destroy it while the gold’s stability can’t be ignored, especially in uncertain times.

Did gold crashed during the war where BTC dump to $4k i think? still remains stable.

I don't compare these two because I own both of them, different value, different asset, owning both is the smartest move. Bitcoin gives you that huge potential for growth, while gold gives you the stability and long-term security. It’s like balancing risk and reward. Don't belittle gold too much.

I remember those discussion about gold vs bitcoin and majority of the answers are about GOLD, don't wait to come to the moment where gold is rising again. HODL BOTH

There's no question that majority of Bitcoin user would really prefer to have this first its because this is where they are comfortable on where they put there money on, also they know how bitcoin works. This current good happening with bitcoin give a lot of confidence to majority of its holder to continue because there would be more great things to come with bitcoin in future.

Then to many good discussion happened with bitcoin that's why full attention of people is now with this coin that's why I'm not totally surprised at all that people will pick it first before gold.

But we don't need to became a maximalist since investing also on gold is another great decision we could take. There would be more good things to happen on gold to since this is also a valuable asset which the value increase each year pass.

Because there's lesser confidence for Bitcoin in the past. Those times were no one will believe you that Bitcoin is a real money and that was the stage where they keep on mocking and avoiding Bitcoin because everyone's talk about its usage is only with the dark web, etc.
They have never believed us in the past that Bitcoin is the digital gold.

It might take time that it will be declared as a legal tender for some countries. It's way better if they make a reserve instead.

I agree to that but the traditional investors will always seek refuge with gold.

I'll personally pick BTC over gold, though it is better if you can buy the both of them. Gold will surely be the choice of people who do not want any asset that is too volatile, that is people looking for a store of value, that is what gold offers, it does not offer the kind of returns that BTC does, but it is not as volatile as BTC, and that is why many countries have gold reserves.

Everyone is talking about BTC, the truth is that BTC has a more exciting future than gold, so it is normal that it is going to get more attention.

You've put it right. The thing is, bitcoin has its bull run period which is a period of time where bitcoin sees a significant rise and becomes a king of its own value. For instance, bitcoin is at $99k now and will most likely be hitting an ATH of 100k dollars by this weekend making it one of the most valuable asset in the world right now. In some countries, this same 100k dollars is in hundreds of millions currencies meaning, if you had 1 single bitcoin, this period, you're a multi-millionaire in most countries with less valued currencies. How else can you enjoy this moment as an holder of Bitcoin. But when it comes to gold, it might not be the case, while gold might not see such mighty rise in value, the volatility of the gold market is not as much as that of Bitcoin and it will continue to remain highly valuable for the rest of the years to come whereas no one can tell yet on the future of Bitcoin in decades ahead.

Don't see it happening for real.
Why would they make a tender out of it when they can just continue to pump the whole space out and do something different to the BTC, something they would be able to control to a better extent?
Reserves, or an entity to control such reserves on a gov leash - lots of opportunities here.

BTC is really on the rise currently, however - don't forget when we are sky high, we are going to have a good old correction. We don't and can't forget about what the market prepares for us at the store. The cycles are researched for a reason - to be not caught up in the distress of something you can't expect.

To me i can say we are closer to that phase where we would be thinking of it, and of course when he finally sits there we can't give the exact action he would take over there either to make it as a legal tender or not. But i must say that we are gradually approaching to that stage but not yet maybe who know what is in his mind towards the next phase of bitcoin and cryptocurrencies at large. Though seems Gold has started gaining it's feet back over the uncontrollable Bitcoin surge.

Diversification is key to it.
Risk management also goes into the same category.
So I agree with you, however, if you are an ordinary person - just buy some more BTC, don't overreact to the news, and go for the gold itself. That's my opinion, of course.

BTC is the new digital gold, in my opinion.
And it has much more to show than the standard gold.
With the best communities out there.

True. Gold will still be the best besides bitcoin because gold has proven for centuries that even though technology is advancing, gold will always have a future because as you said gold also has uses in jewelry and industry. Even though the world is now all digital, it will not reduce the interest in gold. Bitcoin is an artificial value, while Gold is a natural value, both are equally important to have. Bitcoin is currently entering a bull run period so it is very natural for many investors to shift some of their assets to bitcoin to take advantage of this period. I personally also want to say bitcoin and gold are two different things, but the best asset is bitcoin.

Anyone who ignores bitcoin will cry for it one day, and so will gold. However, don't put all your wealth in bitcoin, you should also believe in Gold, and property because these are also the best investments. To be a successful investor you should not put all your eggs in one basket.

Rich people love gold and always want to accumulate gold not only to make jewelry but they also need a place to store value and gold meets their needs. Meanwhile, most of us choose bitcoin because we are not rich yet and our capital is not too big but we want to become rich like that rich person. It can be said that different financial circumstances will have different choices, so gold or bitcoin will also have its own customer groups.


But I disagree with you when you say gold is not practical, a highly priced asset and used for thousands of years, how can you say it is not practical? Also, how can you use bitcoin for payments if the government doesn't legalize it or merchants don't accept it or you don't have internet?


Both have their pros and cons, no need to be biased my friend.

Bitcoin seems to be the new gold rush in the world right now and everyone is thinking of of investing in it as it's price is appropriating every and those who have invested in Bitcoin before this price upsurge is getting return on their investment, basically what is causing this move in people trying to invest in Bitcoin is s the awareness level and acceptance by more people and and it fast growing audience all over the world and with the president of the united state that has just been elected giving the green light to it when he takes over power next year Bitcoin is now the new gold rush that is currently taking place in the world currently

It's quite obvious how Bitcoin has become the new gold, both with it doing better with its price currently and with it being capped at 21million coins.

Gold supply may have become too heavy, too scare to mine, or too exposed to keep around or entrust gold banks with.
Whereas, Bitcoin exists on a transparent Blockchain technology making every individual investor, a bank on their own, with easy access to their wallets anytime, any day with privacy and even cheaper transaction fees and speed as compared to using local Fiat or gold for completing both local and international transactions and having to go through the processes involved and added tax.

Isn't the price of gold accustomed to going up and down and isn't it a common thing to happen, so what's wrong if we buy it and that this is a good thing to do as an investor or a general person, because this is certainly very profitable for everyone who likes to invest in gold with the decline in gold prices in all global markets.

Yes, of course the US election will certainly have an impact on the price of BTC because of course if Kamala wins, it will have the potential to make it difficult for BTC to reach its current price ($97k) but fortunately Trump won, and in the end Trump's victory made BTC soar in price. and of course the increase in BTC is difficult to stop.

but yes, currently gold is not getting enough attention at the moment because yes, the reason is because of Trump, because he is the one who supports BTC so that in the end the public will of course have the potential to buy BTC and it could make the public have more confidence in BTC because yes, so far according to my research, gold is of course It's just a hedge against inflation, but BTC is of course very different from gold because of course by investing in BTC you can potentially gain profits which are certainly different from gold. Yes, basically, in my opinion, the reason is because of profits because of course the profits obtained from investing in BTC are of course different from the profits from investing in gold.

Of course there are many reasons why new investors are now buying, of course in my opinion because BTC is a high risk asset because of course many people don't believe in the potential of BTC in the future, but yes, currently there are certainly many people who don't hesitate to buy BTC. but because of Trump now people are starting to realize and think that BTC never disappoints long-term holders because the price continues to rise from time to time.

A portion - yeah.
Most of it - never.
I do agree with such a line of thought because things are done differently on an institutional scale - by reliable and tested methods.

Gold - for instability.
BTC - for the stability times.
It will stay that way for a while and won't change for investors and oldies especially. At least that's how I feel about it.

Gold is facing a 3% drop, and this dip in gold is all linked to the strengthening of US dollar and rising bond yields that are making it less attractive in the short run. While Bitcoin's rally reflects optimism about Trump's potential crypto friendly stance, it shows that Bitcoin is speculative in nature and highly volatile compared to gold, a more classic protection against long term inflation.

Despite the hype, claims of investors fully abandoning gold in favor of Bitcoin are exaggerated. I think most investors in this market are would likely diversifying their portfolios rather than abandoning gold completely. Regulatory uncertainty in the US makes the likelihood of Bitcoin becoming legal tender anytime soon fairly low. While Bitcoin may offer quicker returns, its risks are higher, this is not a simple matter of one asset outperforming another, but of different strategies for different risk appetites.

Overall I would say that Bitcoin is definitely appear as better investment after Trump winning the election, but gold is still an option for diversification.

Because this investors heard trump saying something about making US the biggest Bitcoin reserve in the future. For a country like US making Bitcoin a legal tender isn't going to be just easy especially for a currency they cannot really have full control over because it's decentralized meanwhile US will love to be in charge so they don't get any form of threat from that end as sometimes it's been alleged that cryptocurrencies has been used for terrorism financing so it will take a whole lot to get that in place but the value of both Bitcoin and Gold will stabilize at something point.

Gold has always been a profitable long-term investment, but it is too far compared to Bitcoin. That’s why many gold holders now feel it was a smart move to sell and seize the new opportunities bitcoin brings. We could even say that since Trump’s win, the entire market has changed. There’s uncertainty, but we can’t deny the fact that his influence boosts support for cryptocurrency, which has a huge impact on the market condition. This momentum strengthens bitcoin’s adoption and drives up its prices, creating even more potential for investors.

But when it comes to legal tender, we’re not quite there yet; it’s not just up to the president—it’s also in the voice of the people to decide.

It is never possible because the amount of gold that is in American reserves is not even in developed countries of the world. No matter how much the Bitcoin market grows, America will never sell gold from its reserves and replace that gold with Bitcoin reserves. No matter how much of a Bitcoin lover Donald Trump is, Donald Trump would never want the American Reserve to sell gold and hold Bitcoin holdings.

Gold is a really strong asset that the rich will always, I repeat always, be ready to buy from the poor. After all, a rich person has everything, and he will be happy with gold trinkets. But there is one thing. Gold is not practical - it is difficult to pay with it, because you cannot separate a part of it, it is easy to steal from an individual. But Bitcoin, although you cannot hold it in your hands, can be used to pay anywhere in the world, it is easy to store, and it can multiply itself! Therefore, it is possible that the meaning of gold will be reconsidered from a practical point of view.

I believe the thing with gold going down was very temporary. Gold is a strong and reliable asset, with a very long history. It's not going to outperform Bitcoin in the long run, but it will likely remain a safe bet for those looking to preserve and slightly increase their wealth. Bitcoin is just experiencing a particularly good time, but others are right to warn of a bear market, during which Bitcoin can easily lose over half of its value. Gold, on the other hand, is likely to remain strong, climbing gradually up, albeit very slowly.

You have a point here. Bitcoin is decentralised unlike gold that is centralised. Long time ago Gold used to be a regular precious metal that was relatively easy to acquire compared to now. The thing is as time passed gold gradually got centralised by the government and higher up by gradually controlling it's supply with demand increasing too. The idea is it wouldn't be very difficult for the government to adjust the price of gold besides gold too is quite volatile as those trading it in Forex metals will understand that fact.

For the government to alter the price of gold they'll just have to limit it's supply and currently with it's high demand today, price will definitely increased based on the concept of simple economics.

Gold might have less attention than bitcoin but if you look at it when it comes to the one respected the more will not be more than gold and gold have been used as money for a very long time because if you look at it the in past centuries gold have been their so gold will be given more acknowledgment than bitcoin and bitcoin is just 16 years hold compare to gold thay have been their for ages, their are more factors that made bitcoin to have more recognition than gold its digital and comes with more features compared to gold even if they have digital gold.

And the way thing are going if they should keep bitcoin and gold which do you think people will go for it will definitely be bitcoin because even the rise in value of this two can not be compared when bull run starts which we are currently experiencing you should understand what am talking about, their is always a rapid increase in price so their is more to bitcoin than gold its bitcoins time.

Can you provide data to prove this? Because according to the news I just read, the price of gold suddenly increased again due to concerns that the conflict between Ukraine and Russia increase. This shows that the demand for gold has never decreased and will always increase if the world is unstable.

Yes, bitcoin is so new and small cap that it will definitely outperform gold in terms of returns. But small caps often come with high volatility and not everyone likes high volatility as much as we do. Many big investors prefer safety over volatility, only most small investors prefer volatility because it makes it easy for them to make big profits from small capital.


Honestly, I'm not optimistic about this and I can't think of any reason why the government would do so.

Gold is included in the assets that are bought when everything is bad in the world. Now everything is not so bad, and we see that Bitcoin is updating its new highs in price. This means that people are not trading with their last money, but are ready to invest in high-risk assets, such as altcoins. And I think that cryptocurrencies in general do not believe in gold, because we will all earn faster in cryptocurrencies, there are dozens of ways to do this. And gold, for example, in my country is sold with an incredible spread, which makes its short-term purchase an unprofitable investment.

That's just the exaggeration and bias of a bitcoin investor, LOL. How can a highly volatile and speculative asset be safer than one that has been around for thousands of years and is recognized worldwide? The higher the return, the greater the risk and Bitcoin is no exception. We should be realistic and fair instead of exaggerating because that doesn't change the fact that bitcoin can give better returns but is not safer than gold.


As far as I know, the US has never sold its gold reserves in the last 100 years and they are even planning to buy more. So the scenario where they sell gold to buy bitcoin and replace it into national reserves is not going to happen, you are right.

Bitcoin is quite speculative so there are many people who may still be very hesitant to buy it. But over time bitcoin has gained a much bigger place in terms of adoption so that now bitcoin is much more developed.

For most countries I still doubt that bitcoin will become legal tender because every country has an official currency that is regulated in the law so to make bitcoin a legal tender will require a revision of the law that needs to be approved by parliament.

But gold is much more stable and most people still believe in gold as a much safer investment. I am not so sure after he is inaugurated gold will not be profitable because this has been going on for a long time and gold is still the best choice for most people.

They do not propose removing gold from reserves and using bitcoin to replace gold. Senator Lummis has proposed selling 10% of gold reserves to buy 1 million bitcoins equivalent to 5% of the bitcoin supply to diversify the national reserves. And we should be realistic that this is just a senator's proposal and we need to wait and see how it plays out, it's still too early to say that it will become a reality because it needs to be passed by Congress before it can be approved by Trump.

To be fair, gold will hold the top spot when it comes to safe havens and no other asset can replace it, not even bitcoin. Bitcoin is still a highly volatile investment and as long as it remains highly volatile don't expect it to replace gold. Gold may yield higher returns than gold but it cannot replace gold as a safe haven and governments need a safe haven rather than a speculative asset.

i strongly disagree. imo, it's the opposite, gold is a less risky investment with a long track record, established markets and use cases, etc...
bitcoin, on the other hand, is relatively new and more speculative, it does offer higher profitability but it also comes with higher risk.


we all know that's never going to happen. at best, they might create a bitcoin reserve funded by selling some of the gold, but getting rid of the gold reserve would be pure stupidity.

Bitcoin is definitely give quick return then gold but Bitcoin is highly volatile digital coin so there are also high risk when you invest on Bitcoin. Gold price increase slowly but price do not decrease too much it can be maximum of 10% but Bitcoin price decrease very quickly as price increase. we seen past history of bitcoin. after make a ATH Bitcoin price decrease up to 60-70% so i didn't thik it is good idea to sell gold and then that money invest on Bitcoin. anyone can invest on Bitcoin as much as they are afford to invest for long term and also loss

Investing in bitcoin is several times more profitable and less risky than investing in gold, which is why selling gold and holding bitcoins is the current trend. At present the price of Bitcoin has received the most attention due to which other investors are more inclined to invest in Bitcoin. But I think that the most success is achieved by holding Bitcoin alone, those who invested in Bitcoin at the beginning of October have made several times more than the current investment.

I will not deny that gold investment is not a profitable investment but gold investment is not profitable to bitcoin. We can see how Bitcoin has been rising for the past few months but the price of gold has never risen like this so every Bitcoin investor is now in a very profitable position. I have gold investments and bitcoin investments but if I had invested in bitcoins instead of gold I could have bought twice as much gold today with that bitcoin profit. I would definitely vote for bitcoin investment if there was a voting system.

Well, I don't speak for anyone who owns gold, just jewelry, but the return in BTC compared to Gold is definitely faster. The volatility of gains is somewhat attracting people, and that's why there are people who are shifting their assets to BTC.

Maybe it could be a different perspective for the person as well. Seeing BTC as mainstream might have changed it to the value that it has and not just some "digital money."

For me the best thing about BTC is that its a hedge against inflation. Having a fixed supply really is a game changer, in my opinion. It's not that we will reach it, but knowing is essential.

How old is Bitcoin and how Old is Gold? That's the question. Bitcoin is less than a 2 decade old and Gold is many times decades years back as I can remember. The thing is every market has its time, Bitcoin isn't Gold and Gold isn't Bitcoin, they are two separate entities both looking for expansion, while Gold is regulated Bitcoin isn't and it's decentralize. If Gold is to be what Bitcoin is today, it will be bigger than where it's right now but it has been all about centralization.

I am happy that Bitcoin is flying in colour's, the price is making everyone happy and looking what lies ahead of this new coming government but I'm already seeing skme red flags. Russia is trying to make regulations around taxes to be 15% and I'm sure more people will roll out more of this. Government are very smart, it's when Bitcoin is doing well you will see them making some moves just to eat from where they never sow.

With an US senator proposing getting rid of gold reserves to replace them with bitcoin, will be interestkng to see what Trump does

Yes it is true that bitcoin is gaining more popularity than gold especially few days ago bitcoin was below 60 thousand dollar but after Donald Trump win bitcoin is jumping above 93 thousand dollar where nothing in the world can give so much profit so fast. However, investors who invested in gold may be selling gold and investing in bitcoin because of the high profits in bitcoin. Many gold investors have already shifted to Bitcoin. Be that as it may, because it is not possible to get the same amount of profit from investing in Bitcoin as from investing in gold.

You are misinterpreting what is happening. It is not gold that has underperformed bitcoin, but bitcoin that has outperformed gold.

Where did you get this information?

Gold has never been about making a quick profit. Gold is not something that makes a profit at all, but a way to store value, in a way, to freeze value.

Why? Because they are idiots non-believers (in BTC)! They waited for the hype to start so they could buy at exorbitant prices.

Come on, seriously? Do you expect this?

I'll tell you that no government will allow this. Not even the one that feigned loyalty to the bitcoin during the elections.

Gold has never been more profitable than the bitcoin and no sworn will change that.

It's normal, gold is accepted everywhere and we know it has a value, unlike Bitcoin which was invented 16 years ago and not all countries are accept Bitcoin. Bitcoin also outperform gold and other assets, which make people are interested with Bitcoin.

Bitcoin is the hottest investment in the current generation regardless it's on bear or bull season.

That is because the chance of Bitcoin gives them more profit attract them to buy more Bitcoin. Gold still stable with the price while Bitcoin price increases so that is their reason to invest in Bitcoin. They are late to invest in Bitcoin in the early because they don't believe that Bitcoin can be like today. They underestimate the power of Bitcoin so they don't choose Bitcoin as their investment. But the situation is change now and makes them to raise their money to invest in Bitcoin

I don't know, but one of the strongest reasons will be the return on investment. There are expectations that the price of gold will be around $3,000 in 2025, based on the current price of around $2,600, with Trump's promises to reduce geopolitical tensions, high-risk investments will witness a revival against gold.

I do not really think it's because of Donald Trump at first for sure. There are a lot of things to consider about Bitcoin and not that some political thoughts.

The best example is how volatile and ROI Bitcoin has, in the safest explanation = high risk, high reward.

Right now whoever is buying Bitcoin is a victim of FOMO. When the bear season hits, these are the people who are going to cry out loud and spread misinformation about Bitcoin. We have seen this trend during every bear season. So Bitcoin is a super volatile asset.

Gold is very different. The volatility of gold is much less compared to many other assets. So people who likes to avoid risks, usually invests in Gold.

I don't think it's correct to compare these two assets at all! These assets cater to different types of investors.

I don't know if gold price is going down, because the last time I check very expensive. I have a friend of mine who bought a gold bracelet and it's less that 10 grams but still very very expensive. For me we shouldn't compare the two, I mean there are old and traditional investors who what we term "gold bug", and so they just invest on gold and nothing more, same with Bitcoin as well. I do not think that Bitcoin will soon become a legal tender even though that Trump won the US election. Again, it depends on how you look at it, Bitcoin is more of a digital gold and so it might be very hard for gold investors to understand that.

A report or statistics about people ditching gold for Bitcoin would have helped to give this claim a good foundation. I am only aware of Trump's ally Republican Senator Cynthia Lummis who suggested that the US sell some if it's Federal Reserve’s gold and create a Bitcoin reserve.


It is common for people to be attracted to Bitcoin when the price is appreciating. The bull season usually gets lot of attention from investors. Some people will only invest in an asset that has government backing, so Trump's endorsement has made some of these doubters to begin to change thier perception.

I don't see Bitcoin becoming a legal tender anytime soon in the US. Trump will always promote the dollar and ensure it maintains is dominance.

Bitcoin will definitely be more profitable than gold of Trump make it a reserve asset.

I totally upvote this - the institutions have reliable methods of how and when to use both gold and BTC - so why bother to do things differently?
It won't change any time soon, because this is really how it is. Each one of them (BTC and gold) is used at different times.

Now they know and they will be wiser next time.
Or it will be their loss indeed if they don't learn what happened during this cycle.

BTC will have just more use cases to it and more value in it as time goes on.
Of course, when there is instability in the world - the gold will be seen for most of the big entities as the thing to grab - not BTC.
So it's to debate how it will be split between the real gold and the digital gold of sorts, which is our favorite first coin on any cap list, the one and only.

Yeah, nobody forbids you to do both, but BTC is just built differently - and that's totally okay, the volatility is a crazy thing 
BTC will become the new digital gold (and already is, albeit some still question that), and gold will accompany it in the place where it is now.

No controversy here, if it is about investing your money, Bitcoin has always outperformed Gold, but if it is trading, then Gold will always outperform Bitcoin, the way Gold is structured will always be an issue for it despite having multiples of Bictoin's market cap. I'm done comparing the two quality assets and anyone can believe whatever they want even as I invest and trade the two to diversity and maximise my earnings in the financial market.

I believe that gold still has a future, albeit a less bright one than bitcoin. In fact, just look at the difference in returns of the one and the other. I have a little bit of gold investment and much more bitcoin, simply as a small diversification. Even if bitcoin ends up taking over, physical gold will continue to have uses in jewelry and industry, so it's not like digital maps that have made paper maps disappear. But in a century in which everything has gone digital and the most profitable businesses are digital, it is clear to me that between bitcoin and gold the champion will continue to be bitcoin.

They sell gold to invest in bitcoin not because they are bored with gold, not because gold is no longer attractive, but because this is the investment strategy that brings the best profits. During a recession, the demand for gold will increase sharply because it is the safest asset and the best hedge against inflation today, so investors will turn to gold whenever there is a crisis or recession. During times of economic stability, risk assets like bitcoin and stocks will be the choice of investors as they have better growth rates. But I bet when inflation or recession happens they will sell bitcoin and high risk assets and go back to gold.

This is just an investment strategy, don't think bitcoin can overshadow gold because each has its own advantages and best use cases in each stage of the economy.

Well, without any doubt. Bitcoin has proven itself as more profitable for investors throughout those years than gold and there's no doubt if someone invests in Bitcoin then that person will get quicker and higher profits then the ones who invest in gold. The ones who haven't invested in it earlier were skeptical and now they're investing due to FOMO.

Bitcoin is the alternative, but do not go for just other cryptocurrencies (altcoins) except you know what you are doing which is short term investment. You can see how they are getting dumped and not getting to ATH. I mean other cryptocurrencies. The best coin you can go for is bitcoin.

Also I do not see bitcoin as alternative to gold. Gold is not easy to buy. You can easily buy bitcoin at your comfort from your home.

Bitcoin’s volatility and rapid price movements make it attractive for investors looking for quick, high returns. While gold tends to be a stable, long-term store of value, Bitcoin has shown the ability to skyrocket in value in relatively short periods. Many investors see this potential for higher returns, especially with Bitcoin’s increased institutional adoption.

Timing the market is notoriously difficult. Many people only jump in when they see momentum building, and now that Bitcoin is more mainstream, it feels like a safer bet to some. But there's always the risk that it could be too late for some to benefit from the kind of growth others saw earlier.

Might be short term but if there's one asset that one would secure their future, that's gold and then comes cryptocurrencies as an alternate, specifically Bitcoin. I see that you are taking it in terms of investment opportunity but it doesn't change the fact that Gold is the most stably growing in that regard.

• Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?

You mentioned Trump, right? It's just during the recent campaign that the once anti-Bitcoin Trump started making Bitcoin-friendly pronouncements. And he just won.

Earlier, there wasn't a Trump saying "Never sell your Bitcoin", "On day one, I will fire Gary Gensler", "We want all the remaining Bitcoin to be made in the USA", and so on.

And, earlier, Trump was just a candidate.

• Bitcoin could soon become a legal tender?

In the US, no. And I don't think Bitcoin investors are buying Bitcoin because it will soon become a legal tender in the US under the Trump administration. That's far from happening. Trump didn't even mention that. That's not part of the plan.

It's enough for investors to have heard what Trump has said as regards Bitcoin, and that he turned out victorious, for them to invest heavily in Bitcoin. The future is bright. That Bitcoin will thrive and its adoption grows exponentially are becoming more certain now when the president of the most powerful country in the world is pro-Bitcoin.

• Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Gold has never been more profitable than Bitcoin. But the point is that investors are never more assured of Bitcoin than now when the president of the USA is Bitcoin's ally.

Because they didn't know about Bitcoin earlier or they knew about Bitcoin but ignored it. In bull run, with more news about Bitcoin, and impressive growth of Bitcoin in price, they turn to be interested in and join the party.

Retail investors are joining.

Bitcoin is already legal tender in two countries. Practically in El Salvador and theoretically in Central African Republic.
https://coinmarketcap.com/legal-tender-countries/

They’re both profitable but if we look at how the two are performing currently it makes sense why bitcoin is the preferred one. I am guessing that many people didn’t believe in bitcoin back then but suddenly they want in on it now that it’s being valued greatly and consequently they need to have funds to buy bitcoin so they sell their other assets.
It already is in El Salvador. But in the US? Hard to assume for sure because as far as I know, that’s not part of Trump’s plan from his campaign speeches. All he wants is to make bitcoin their national reserve.

You maybe just got delighted by news about the bull run happen with bitcoin and you didn't get much information about latest happening on gold.

We can really see some amazing movements happen with BTC but it doesn't mean it has been left out by bitcoin. Gold still relevant into discussion since this remain the top asset choice by majority of investor.

You can monitor the movement of gold here https://goldprice.org/ and see that this asset still doing good.



Don't look for quick return on Bitcoin since it will burn you. Every investment decision need proper study that's why some people not taking any rush decision.



There's always possibilities that bitcoin would became a legal tender in any country if there's more good innovation happen to it, also the government will truly adapt on new financial system.


Gold will still a relevant asset and continue to provide profit for investors. I don't compare it to bitcoin since they are different and I have both of this asset.

Gold price has start to increase back.

I do not know if what you said is true but gold actually fall when Trump won while bitcoin increased but Trump as the winner does not mean it caused it. Gold is still high in price if compared to previous months, its price really increased this year and got to ATH also several times.

Bitcoin is a legal tender in El Salvador. You mean in US? I do not think so. They will prefer only their dollar to be the legal tender.

Gold was never profitable than bitcoin ever since bitcoin was created.

It is no longer new thing that Trump victory has caused major stir up within the market, such as gold losing over to bitcoin.
Lot of investors are in one way selling their gold to secure some portion of bitcoin.

What do you think could be their reasons;

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?
Bitcoin could soon become a legal tender?
Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Let's discuss to share opinions.