Is your money worthless? Analysts say Bitcoin is better than gold

4 Min Read
4 Min Read

In recent market scenarios, the definition of safe haven assets is constantly changing. With the US dollar falling and a rapid pace plunging, investors are now looking for more stable assets. This helps to maintain the value of your investment and has little or no variation over the long term. Gold is one of the best safe haven assets investors can explore today, but another new asset, Bitcoin, is taking part in the current race, with experts promoting the new digital phenomenon as better than gold. This is the way.

Is Bitcoin better than gold? One analyst claims

Renowned financial expert Alex Stanzik took X to share a detailed overview of the Bitcoin and Gold discussion. He stated in his X-thread how gold has been the biggest storage of value to date, but Metal is now winning its competitor, Bitcoin.

“Gold is eternal. It is the largest valuable repository in human history, over $21 trillion, and is not physically destroyed. But after eight years of running a physical gold fund, I realized something shocking: Bitcoin is better.”

He later shared some detailed pieces of information and placed weight on the aforementioned hypotheses. Stanczyk shared how gold will come on terms that require a final settlement. Simply put, gold requires safes, trucks, planes and customs, and if one of the above elements does not fulfill its obligation, it will not be able to deal with metals.

“The weakness of gold? The final settlement requires humans. Vaults, trucks, planes. Customs. If the link breaks, you will fail. In 2020, during COVID, if my client asked for a delivery of gold, I realized that I couldn’t guarantee it.

He later shared how Bitcoin is a simple alternative to gold. Stanczyk later added a way for Bitcoin to move and access easily from anywhere, making it a valuable repository in the long run. Experts praised the decentralisation and resilience of BTC, noting that it is a much safer shelter asset than gold.

See also  Shiv: "Pump like crazy next week," analysts say $0.00004 first

“Bitcoin solves this. It moves all value, instantly, anywhere on the planet. There is no permission or intermediary. There is no failure. A pure final settlement at the speed of light. Once, Bitcoin was either closed or purterized to study.

BTC as digital gold

Experts later shared how Bitcoin is the best asset to hold in the era of mixed chaos.

“Gold survives chaos. Bitcoin thrives in it. It’s faster, borderless, centralized third-party, self-robbing, and non-basing. It’s a fundamentally different beast.”

This is not the first time an analyst has promoted BTC as a digital counterpart, equivalent to gold. Jerome Powell, head of the Federal Reserve, has been documented that Bitcoin is more similar to gold than US dollars.

“People use Bitcoin as a speculative asset. It’s like gold. It’s virtual and digital only.”

Powell later revealed that Bitcoin is a tough competitor for gold rather than US dollars.

“It’s not a dollar competitor. It’s really a gold competitor.”

Share This Article
Leave a comment