IS BITCOIN BETTER THAN GOLD?

IS BITCOIN BETTER THAN GOLD?
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Is Bitcoin better than gold? Should you invest more in Bitcoin more than gold? Will Bitcoin beat gold?

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BITCOIN ESSENTIALS:

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VERY IMPORTANT

Please do not buy a stock just because it is talked about in Youtube. This video is for informational purposes. This is to give you a reference point and data on how you are suppose to analyse stocks only. Never buy or sell just because of this video.

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#StockSmarts #BTC #Bitcoin
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Bitcoin vs. Gold
Tomohiro Ohsumi/David Gray/Getty Images
As bitcoin continues its meteoric run, more investors are now reviewing the longstanding comparison between the famous cryptocurrency and gold.
Bitcoin crossed the $1 trillion market capitalization mark on Friday, while gold touched $1784.
Insider surveyed 10 experts to see which asset they’d rather hold for the next ten years-and why.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
As bitcoin continues its meteoric rise, breaching new records and crossing the $1 trillion market capitalization m

Holding Gold

“My vote would be for gold because it has thousands of years of a historical record as a store of value, has one-fifth the volatility of bitcoin, and doesn’t face the same competition risk. The day that Queen Elizabeth trades in the five pounds of gold in her crown for crypto is the day I’ll shift course.” – David Rosenberg of Rosenberg Research, former Chief Economist and Strategist for Merrill Lynch Canada and Merrill Lynch in New York
“Gold and silver have been stores of value and mediums of exchange for at least 4 millennia in every civilization in every corner of the world. It has unmatched accessibility to people of all economic standing and technological knowledge. And gold is the ultimate currency of central banks, silver of the people. There is room for cryptocurrencies too since their digital nature is a fundamental difference from gold and silver. But that characteristic also ensures that cryptocurrencies will never replace gold and silver and will ultimately improve the metal’s value.” – Phil Baker, President and CEO, Hecla Mining Company
“Gold has long been considered to be the safe-haven asset of choice, and, while bitcoin is ‘the new kid on the block,’ it’s debatable that it will eat into gold’s market share for a number of reasons. Bitcoin and gold both have significant advantages over fiat currencies because neither can be diluted or debased. There is a possibility that bitcoin could one day cease to exist through hostile legislation. Some bitcoin derivatives have already been banned. Companies such as Facebook who have attempted to start crypto have been prevented from doing so. So, while bitcoin is a more recent form of investment that is certainly receiving a lot of hype,

Post Author: CoinCryptoNews