(i) Bitcoin is only a currency that can be used for trading purposes. On the other hand, Gold can not only be used as currency but it is widely used in Jewelry, Dentistry items, Electronics, Aerospace, making it a highly coveted metal due to its intrinsic value.
(ii) Gold does not require computers, internet connection, and databases in order to be traded. It is a metal that can be used anytime, anywhere without any involvement of electronics and electricity. Whereas Bitcoin requires all of such stuff like Electricity, Computer, Internet, Blockchain.
(iii) Gold is one of the most liquid assets that is traded daily in well-known exchanges all over the world. According to a report of London Bullion Market Association, $18 billion worth of Gold is traded daily in London only. Bitcoin is also growing at fast pace, yet cannot reach Gold.
Along with differences stated above, Bitcoin and Gold are similar in many ways such as both have a limited supply. They are decentralized and carry anonymity. Both are accepted worldwide 24/7 and are a safe place to invest money.
Nevertheless, in this era, Bitcoin and other cryptocurrencies are more attractive for investors. Gold has only increased by 10% in 2017. Meanwhile, Bitcoin increased by 300%. This is also evident from social media which is nowadays bursting with advertisements, videos, analysis, opinions about cryptocurrencies trading and investment. Finding such content for Gold is hard to impossible.
