Gold vs Bitcoin
When comparing gold vs bitcoin, consider if you are uncomfortable buying, holding, or selling bitcoin directly, you can purchase it through an ETF (Exchange-traded fund) just like you can gold.
Using your current stock trading platform to buy bitcoin, you are buying the performance of futures contracts rather than the asset itself. This does not matter to a lot of people because they focus instead on how easy it is to buy bitcoin in a self-directed IRA.
A common mistake is thinking that since bitcoin is easy to buy as an exchange-traded fund within your trading platform, it is easy to mistake it as a hedge in your portfolio.
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Gold vs Bitcoin:
Bitcoin is not backed by real assets or tangible securities.
Gold, however, has been a safe haven for wealth for over 500 years and is nature’s hard asset. It is considered by business owners as one of the best investments, maintaining its value even during economic downturns and inflation. The price of gold tracks typically in opposition to economic swings and the stock market.
Bitcoin is very volatile and if purchasing on an investment platform, you may be required to change your trading status to ‘aggressive’ before making any purchases of cryptocurrencies.
Gold is a haven in periods of inflation and economic uncertainty since it retains its value better than the currency-supported assets, which drop in value and climb in price.
A clear view of the difference between gold and bitcoin is compared in this statement:
“Buying gold is investing, Buying bitcoin is gambling”
Whether you prefer the safety of Gold Investing or the aspirational excitement of Bitcoin Gambling, there is an option for you!
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Bottom line
A Bitcoin Exchange-traded fund mimics the price of the most popular digital currency in the world. This allows investors to buy into the ETF without going through the complicated process of trading bitcoin itself. Discover the options in your own Investment in Cryptocurrencies, Tax-Free, with “The World’s Most Secure Digital Currency IRA“
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