Should we sell Bitcoin to buy gold right now?


According to Matthew Kratter — a market analyst, educator, and Bitcoin advocate — Bitcoin (BTC) will outperform gold as a long-term store of value. He advises investors holding Bitcoin not to sell their BTC to switch to gold, even if the price of gold rises above $4,000 per ounce.
Kratter argues that Bitcoin has superior financial characteristics compared to gold, including a fixed supply, global transferability, easy verification, high divisibility, and independence from intermediaries. Meanwhile, the supply of gold continues to increase at a rate of 1-2% per year, which could lead to the total circulating supply doubling after a few decades. Additionally, the discovery of new gold mines or breakthroughs in mining technology could weaken the scarcity of gold.
He also emphasized the inherent limitations of gold in the digital age, such as high costs for transportation, storage, and insurance, as well as the inability to transfer it online. In contrast, Bitcoin is seen as a natural evolution of currency in the Internet age.
$BTC
BTC1,54%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)