Quote: "Gold will not go as low as bitcoin, so it's still a good investment".
Not really sure what this means.
Both of these assets are volatile. Ten years ago, Bitcoin was trading at below six US dollars
per coin. Today, it is in excess of $20k, having reached a high of close to $70k a few months
ago.
Ten years ago, gold was trading at 1585.00 per fine ounce, today at $ 1707.00. It reached a
high of $ 2074.00 in August, 2020. However, in ten years it has essentially gone nowhere.
Now, one can cite various arguments as to which one of these assets, one physical, the
other crypto, is better, and depending probably on what your reasons are for favouring
one over the other, given a choice.
Arguably, though, what would seem clear is that the days of gold being seen as a long-term
store of value are probably numbered, and perhaps more especially because of the era of
high inflation which appears to have set in for the western world particularly.
Bitcoin, especially when the next halving event comes around, even in inflationary times, is
likely to go a lot higher (but don't hold me to this, Lol)!