Bitcoin vs. gold: How do they stack up for investors?
Gold prices are reaching new highs, prompting Bitcoin investors to seek exposure to gold despite challenges. Physical gold, available as jewelry, bars, and coins, raises concerns about quality, liquidity, and premiums over spot prices. Gold advocates argue it is easier to buy than Bitcoin due to complexities in crypto storage and learning curves. Bitcoin offers instant access and lower costs related to storage and resale. Critics highlight the difficulties of Bitcoin self-custody, including the need to securely store private keys. While buying physical gold is straightforward, it may not guarantee a sound investment without proper verification. Bitcoin and gold are viewed as distinct assets, with Bitcoin seen as part of future financial infrastructure. As of publication, spot gold is priced at $3,327, up nearly 27% year-to-date, while Bitcoin is trading at $84,525, down 10% year-to-date.
