Gold has been stuck in neutral for the last two years while Bitcoin has been setting new highs and breaking out to where a safe haven asset should look like. Are gold traders finally realizing that Bitcoin is the future and gold is outdated? Why is bitcoin outperforming gold so much?
It seems to me like comparing bitcoin to gold would be like comparing the invention of the computer to the typewriter. Computers are much more efficient and can do several other tasks other then just write, while a typewriter is much more bulky and is limited to what it can do and can only perform one function and task while a computer is used for several other reasons.
Bitcoin is used as several things rather then just a safe haven asset bitcoin can be used for transferring money more effectively and efficiently for a lower cost, it can be used as currency, online purchases, purchases anywhere in the world virtually. Bitcoin serves several functions while gold really only serves one purpose and one function as a safe haven asset.
One day Bitcoin might be worth several times more then Gold it is already worth nearly double the value of gold. In 10 years what will the difference be? I predict Bitcoin could easily be worth 10x the value of gold. Gold has a lot more supply them bitcoin and is much more limited as to what it can do.
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