Bitcoin vs Gold: Will Bitcoin Really Outperform Gold? Here’s What the Experts Say!
2024-10-03
Bittime - In the world of investment, the debate about Bitcoin vs gold as a hedge asset continues to be a hot topic.
Bitcoin is often referred to as digital gold, but is Bitcoin really able to compete with gold which has long been considered a safe hedge asset? Read this article to find out more!
Bitcoin vs Gold: Bitcoin Predicted to Outperform Gold
In the Bitcoin vs gold debate, some experts believe that Bitcoin will continue to outperform gold in the next few years. One of the reasons is Bitcoin's ability to survive in unstable economic situations.
In fact, some experts believe that Bitcoin has historically outperformed gold, especially in times of increased debt and leverage in the global financial system.
Lawrence Lepard, investment manager at Equity Management Associates highlighted Bitcoin's performance which he said was better than gold during a period of increasing leverage and money supply in the financial system.
Read Also: Bitcoin Price Predicted to Reach New ATH Later This Year
Bitcoin vs Gold: Bitcoin Price Potential to Reach $100,000
Source: Bittime.com
When talking about Bitcoin vs gold, some analysts remain optimistic about this asset.
Although Bitcoin price had come down under key level $63,000, some analysts even predict Bitcoin prices could reach $100,000 by 2024.
This price prediction is supported by various factors, including increasing institutional adoption and the increasingly widespread use of blockchain technology.
When this article was written, the price of Bitcoin based on the Bittime market was observed to have increased by 0.91% and was trading at the figure Rp947,064,800 or about $61,484.
Read Also: Bitcoin Should Break $65,000 Level as a Sign of a Bull Market?
Bitcoin vs Gold: Gold's Recent Performance
Source: Coingape.com
However, when it comes to Bitcoin vs gold, some experts are also optimistic about gold. Recently, gold has shown its strength as a hedge asset. Gold prices rose by 1.4% recently, approaching an all-time high.
Although Bitcoin is often considered digital gold, the current geopolitical situation and global economic uncertainty are making many investors turn to gold instead of Bitcoin.
According to Jeroen Blokland, founder of the Blokland Smart Multi-Asset Fund, recent Bitcoin and gold price movements have been influenced by rising tensions in the Middle East, which have worsened market sentiment towards crypto.
These tensions between Israel and Iran have prompted many investors to seek refuge in gold, which has historically been considered a safe asset.
Growth Price of Bitcoin vs Gold
The main question that often arises in debates Bitcoin vs gold, which is better as a hedging asset?
Gold, as an asset that has been known and used for centuries, offers stability and security. When markets experience volatility, gold tends to rise because it is considered a "safe haven" by investors.
Temporary Bitcoin offers much greater growth potential. As a relatively new digital asset, Bitcoin has shown a tremendous price surge in recent years.
For example, in 2020, the price of Bitcoin soared by 300%, while gold only rose around 50-70%. This shows that while gold is stable, Bitcoin has much higher growth potential.
Bitcoin vs Gold: Which is Superior?
From the explanation above, it can be concluded that Bitcoin and gold have advantages and disadvantages. Gold remains a stable and safe asset during uncertain geopolitical and economic conditions, while Bitcoin offers significant growth potential for those willing to take greater risks.
There are members who are optimistic that Bitcoin will continue to outperform gold, but high volatility makes this asset less suitable as a short-term hedge asset than gold.
So, the choice between Bitcoin vs gold depends on each investor's investment objectives and risk tolerance. For those seeking stability, gold remains a strong choice.
However, for those who want explosive growth and can afford higher risks, Bitcoin may be a more attractive asset.
Read Also: Bitcoin Market Is Not Very Leveraged Right Now, Time To Take A Long Position?
How to Buy Crypto with Bittime
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Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!
Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
