Arnaud SAINT-MARTIN
@anou91
Bitcoin and Gold Prices: How Do They Compare? (part 1/3) : The price of Bitcoin and gold is often compared, because these two assets are seen as stores of value, particularly in times of economic instability. However, their nature and the factors influencing their price are different. Main similarities between Bitcoin and gold: šµ Store of value: Both assets are often considered tools to protect against inflation and economic uncertainty. Investors use gold and Bitcoin to preserve capital during times of volatility in traditional financial markets. šµ Limited offer: Gold: Gold is a natural resource with limited reserves, the extraction of which requires considerable effort. Bitcoin: The number of Bitcoins is capped at 21 million coins, and they are mined through a process that becomes increasingly difficult over time. šµ Decentralization: Bitcoin is a decentralized digital currency that is not controlled by governments or central banks. Likewise, gold, as a physical asset, is not governed by a ā¦
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Arnaud SAINT-MARTIN
@anou91
Part 2/3: Main differences between Bitcoin and gold: šµ Nature of the asset: Gold: A physical asset that can be stored, transported and used in industry and jewelry. Bitcoin: A digital asset existing only in virtual form. šµ Historical stability: Gold: Gold has been around for thousands of years and has proven its resilience as a store of value. Bitcoin: A relatively new asset (since 2009), the price of which has fluctuated significantly during this period. šµ Volatility: Bitcoin: Known for its high volatility, with prices capable of changing abruptly over short periods of time. Gold: Traditionally less volatile, with more gradual price changes.
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