General

Do you think bitcoin is a better store of value than gold?   


Rachael Davis
@Rachael.Davis · Posted 10 Nov. 2021


Frank Lucas
@Frank.Lucas · Updated 10 Nov. 2021

Bitcoin is becoming so new that it is not showing its advantages. It is now only a decade and to prove bitcoin its utility as a tool for long-term for storing the wealth. There is one way where you can make bitcoin a winner. Bitcoin is not a physical asset it is nearly non-physical. Bitcoin can be shared easily with a proper net connection. It is a very fast way for sending and receiving payments all across the borders. 


Lily Campbell
@Lily.Campbell · Updated 10 Nov. 2021

Gold needs to be stored physically in a personal vault or a bank or a company in its self-vault. You have to keep your gold with yourself otherwise you cannot access it at will. You can do one thing you can bring thousands of pounds onto an airplane without seeking attention or become a suspicious person at the airport. In some of the countries, owned gold which is privately secured is banned. Both bitcoin and gold can be stored but are done according to an individual’s need.   


Kelly Jackson
@Kelly.Jackson · Updated 10 Nov. 2021

One of the basic argumentative parts insight of gold is that it is a commodity that is physical. From part of the gold that you will buy you can make jewelry of it. Gold is used for making the equipment of aerospace, to make electrical things, dentistry and others. Apart from gold, bitcoin is created digitally and it cannot provide any service besides digital involvement or any exchange done by any medium. The claim for bitcoin is growing higher and it is also becoming speculative. 


Please login to add your answer