A hot topic in the investment world is the gold versus bitcoin debate. Recurring themes include which is a better investment, which is a better store of value, and which is a better hedge against inflation.
Comparisons of asset classes are often fraught with biases, and the answers can vary depending on when the comparison was made. It doesn’t help that gold has been used as a currency and store of value for over four thousand years, while Bitcoin has only existed since 2009.
Some articles can be dismissed quickly enough. For example, if a tech bro in his 20s who has never experienced a recession tells you that gold is dead, then you can stop reading the article (if your eyeballs didn’t already roll to the back of your head). On the other hand, a gold maximalist (AKA gold bug) who proclaims Bitcoin to be a worthless scam and that gold is the only real true money can also be discounted.
Trimming those extreme views from your list will leave you with a variety of opinions about the virtues of each. The World Gold Council says that blockchain technology will bolster trust in the gold industry, and there are numerous gold-backed cryptocurrencies that show there is a demand for the merging of gold and cryptocurrency.
Gold and blockchain technology can work together, and gold and bitcoin do not have to be mutually exclusive stores of value.
The market cap for gold is estimated to be over 12 trillion dollars, while bitcoin breached the $1 trillion in market value for the first time in 2021. There is a lot of money in both, so neither is going away anytime soon.
Buy gold or bitcoin?
The most nuanced opinions will tell you that holding both gold and bitcoin in a diversified investment portfolio is a sensible approach.
This article is not financial advice, and I am not a financial advisor, so finding what percentage of gold and bitcoin should be in your investment portfolio is your decision.
If you are looking to buy gold, then read our guide for buying gold. If you are looking to buy Bitcoin, Binance and crypto.com are two of the largest exchanges that provide an easy way to buy bitcoin with fiat.
Gold vs Bitcoin News
We curate gold news and opinion pieces into a weekly gold newsletter. In the last year, there has been a noticeable uptick in gold vs bitcoin articles. The combination of bitcoin reaching over 65,000 USD in November 2021, and inflation rates reaching figures not seen for decades has led to debates over which is a better store of value.
This post is an archive of gold vs bitcoin articles for your further research.
2023
The Bitcoin-Gold-China Connection – [09/10/23]
Bitcoin and gold have significantly decoupled, breaking the tight correlation dating from Feb 2022. Is this a sign things are breaking?
Bitcoin can still crack $50K if gold correlation continues — Chart – [27/01/23]
“BTC price performance may encounter a new magnet above the $50,000 mark if gold continues to be a trendsetter.”
2022
Goldman Sachs claims Gold will outperform Bitcoin, calling BTC “a solution looking for a problem” – [14/12/22]
The debate between gold & bitcoin in 2023 – [10/12/22]
“This article addresses a number of issues that next year will make or break bitcoin’s claim over gold.”
Gold or bitcoin: what will replace the US dollar? – [06/12/22]
“As Russia and the West move further apart, there’s a growing need for a new global reserve currency. The US dollar could soon be replaced by gold or bitcoin, argues Dominic Frisby.”
Bitcoin vs Gold: Will BTC flip the market cap of physical gold? – [13/10/22]
Bitcoin News: The correlation between gold and digital gold getting better – [08/10/22]
Is Bitcoin (BTC) better than Gold (XAU)? An honest analysis – [23/06/22]
“Bitcoin’s recent underperformance versus gold has damaged the claim that it is the superior asset.”
Crypto versus gold: the search for value in a time of crisis – [16/06/22]
“The conflict in Ukraine has sparked a gold rush as investors look to preserve their capital, but rising inflation has raised the question of whether cryptocurrencies can be a safe-haven asset.”
5 reasons why Bitcoin could be a better long-term investment than gold – [03/06/22]
“Crypto advocates often refer to Bitcoin as “digital gold,” but how does BTC stack up against gold as a long-term investment?”
The Great Gold/Bitcoin Debate – Act Three – [25/05/22]
Bitcoin vs. Gold: How do both assets compare as a store of value right now? – [22/05/22]
“The Bitcoin community insists that the crypto asset is a digital version of gold. Just like the yellow metal, it can be used as a safe haven for wealth.
Several wealthy investors, institutions, celebrities and corporations have added bitcoin to their reserves.
But how does this innovative new digital asset compare to the world’s oldest and most popular store of value? Here’s a closer look.”
If you expected Bitcoin to beat gold as an inflation hedge, you understand neither gold nor inflation – [20/05/22]
Bitcoin vs. gold: Scholars compared crypto to commodities. Here’s what they found – [28/01/22]
“Yes, crypto markets are volatile, but after the start of the pandemic, they began to more closely mirror those of traditional investments.”
Bitcoin vs. gold: Which is the better inflation hedge? – [16/03/22]
Gold or bitcoin – which one is the better investment? – [12/03/22]
$45,000 Bitcoin looks cheap when compared with gold’s market cap – [02/03/22]
Could Bitcoin replace gold as the new safe haven? – [19/02/22]
“A look back through gold’s history reveals some interesting patterns that could point to what may come next. However, no matter what the future holds, diversification is never a bad idea.”
Wisdom Tree is now getting in to the gold backed crypto product market. Many more will follow. Real money will win out!
Why buy an Empty un-collateralized piece of nothing when you can get the safety represented by a product backed by gold which is digitized.
History is on Gold’s side vs Bitcoin. Time is on the side of Gold which is “Real Money!”