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Topic: Gold quickly becoming more scarce. Which will be worth more, Bitcoin or Gold? - page 5. (Read 741 times)

legendary
Activity: 2898
Merit: 1823
Gold in existence - since ages
Bitcoin in existence - 11 years running


If you still want to compare gold with bitcoin, it's upto you! Gold has been used by the banks worldwide to keep as a cash equivalent for unforeseen times. Bitcoin is not yet adooted by banks for any such reasons.

Looking at the current situation, Gold stays way ahead than bitcoin or any other cryptos to be considered as a safe heaven. Hope you have got your answer.


You already posted your own debate against your own statement. Bitcoin is simply young, but it's already a better safe haven than Gold. Self-sovereign, censorship-resistant, portable, borderless.

It will take time for everyone to see it.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
No one knows, and we can only speculate. What unit of gold are you referring to specifically anyway?

Anyway, one thing's for sure, bitcoin in the short term will definitely be more volatile and gold will probably be a lot better as a sort of "safe haven" than bitcoin, simply due to the fact that bitcoin's market liquidity dwarfs gold's market liquidity.
legendary
Activity: 3080
Merit: 1500
Gold in existence - since ages
Bitcoin in existence - 11 years running

If you still want to compare gold with bitcoin, it's upto you! Gold has been used by the banks worldwide to keep as a cash equivalent for unforeseen times. Bitcoin is not yet adooted by banks for any such reasons.

Looking at the current situation, Gold stays way ahead than bitcoin or any other cryptos to be considered as a safe heaven. Hope you have got your answer.
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