Has BTC really become more attractive than gold?

[taufik123]

To say that gold is not an inflation hedge is just delusional, I should say. Gold has always been that way. Sure, it is harder to buy than Bitcoin, and doesn't have big gains or losses like it, but it's stable, and that's why lots of businesses and people still use it as a store of value.

Bitcoin is a bit too volatile for that but it suits most people's needs for generating wealth. Me personally though, I just use it as currency as it was intended to be.

In fact, gold has always been the best "Safe Haven" Asset because of its stable value and cannot be compared with Bitcoin which is very volatile.

Both are different and cannot be equated, Bitcoin will certainly generate profits faster and more with fluctuations that occur, but the risk is also quite large.
I use bitcoin now just to take more profits for the long term and don't really use it as a currency like you do.
Because this is also related to existing regulations in my country which can only be as commodity assets.

[Peter90]

In fact, gold has always been the best "Safe Haven" Asset because of its stable value and cannot be compared with Bitcoin which is very volatile.

Both are different and cannot be equated, Bitcoin will certainly generate profits faster and more with fluctuations that occur, but the risk is also quite large.

+1 from me

BTC and Gold have different tasks.
Gold main task is to keep people purchasing power.
BTC main task is to multiply that purchasing power.

Comparing the performance of BTC vs. Gold makes little sense.


They say "BTC is better than gold because its performance is better", "Stocks are better than gold because they perform better".
Silly arguments.
They forget volatility.
Those who put their savings in BTC in 2021, those who put their savings in the stock markets in 1999 or 2007, a couple of months later either they have had a heart attack or they have shot themselves in the balls.



Unfortunately most people here are fixated with performance, so they compare gold and BTC performance and forget to compare their volatility.
For those who want to save - keep in mind the difference between saving and investing - volatility is more important than performance.

Compare BTC volatility with gold volatility and tell me who wins

[LUCKMCFLY]

If the impact of banks buying bitcoin is like banks advertising bitcoin so that people buy bitcoin to invest, that is very good for the crypto market. because if many people buy bitcoin, the increased demand will make the price of bitcoin rise high.

Everything that encourages people to buy bitcoin is good, because at this point things are very decisive when it comes to investment, it is very obvious that bitcoin is more attractive than gold, so we are waiting for bitcoin to reach a new great ATH, that makes anyone very happy , gold for its part is something else, it is an asset that is very good to own, but you have to Buy a lot and a lot of Gold to have as a safe haven, it has no volatility and it is guaranteed to be safe, but let's say if bitcoin reaches more than $100k it is very obvious that it will be more popular , so bitcoin later drops in price, it does not matter because it is invested and is there for when it Explodes again.