BITCOIN AND GOLD AS RESOURCES OF INVESTMENTS.

INTRODUCTION:

Bitcoin and gold are better options for investors who are preparing to invest their money. Bitcoin is a digital form of money and a kind of cryptocurrency that has gained recognition among many investors and businessmen in the past few years. Gold is a metal that is known to have been in existence since its discovery in the Middle East (before 6000 BCE). As assets both gold and Bitcoin can be found as a good store of value as none of them will change physically over time.

• For centuries, gold has occupied the position of a precious asset in term of value and purpose. Gold was the only medium of exchange in the royal courts of Kings when money was not even discovered. For investors, it has great value even in the world as of today.
• Bitcoin as a digital currency has some useful properties that have made it one of the leading cryptocurrencies ever since its launch in 2009.

GOLD AND BITCOIN AS INVESTMENT OPTIONS:

Various factors essentially determine the utility of an asset. Bitcoin and gold have both been proven as a good store of value due to their indestructible physical nature. When it comes to the option of a medium of exchange, both these assets i.e, Bitcoin and gold are popular resources.

• The cryptocurrency Bitcoin, which is based on a blockchain system shares some similar characteristics with the metal gold. Bitcoin is often termed as “digital gold” in the business market.
• Both Bitcoin and gold have similar properties one of them being the fact that none of them operates under any central authority.
• Baseline Value – since time immemorable, gold has been used for many reasons like jewellery, electronics etc. The baseline value of Bitcoin is very high as well due to its blockchain-based technology. A huge number of people across the globe is unable to get access to banking infrastructures and credit but, with Bitcoin, they can transfer any amount across the globe without being charged heavily on the transaction. Similarly, gold is an easy medium of exchange and a valuable resource. Due to its high built technology, Bitcoin can be a little difficult to use for people who are technically backward. The Bitcoin Union can be beneficial for such people due to its automatic and user-friendly technology.
• Volatility – The volatility of Bitcoin has been a subject of concern for investors over a long period. The price record of bitcoin shows the clear rise and drop of values of the cryptocurrency since 2018. Gold never faces such volatility issues.
• In terms of liquidity both Bitcoin and gold have very liquid markets where fiat cash can be interchanged for them. Gold as a metal is extremely difficult to destroy; on the other hand, Bitcoin is also hard to corrupt due to its decentralized technology. In the present world, gold is hard to mine, it’s a rare resource. Similarly, the availability of Bitcoin is also rare as only 21 million bitcoin exists in this world.
• Both gold and Bitcoin are often used as a mean to diversify and possess a range of valuable assets. Bitcoin as a digital currency is easy to trade among investors.
• Gold as a precious metal has been widely used throughout the world and will be used in the future as well, the business market of gold is unlikely to face any loss. If the economy is progressing then, investing in cryptocurrencies like Bitcoin is also a good option. Bitcoin has gained popularity in the eyes of investors and large corporation sectors as well. 
• In the past, possessing gold would sustain heavy costs. Being a very costly metal, gold has high chances of getting robbed. So, the owner has to ensure its safety by keeping it in bank lockers. But, in the case of Bitcoin, there is no chance of robbery because it’s a digital currency that is kept in digital Wallets.

CONCLUSION:

As investment options, both Bitcoin and gold can be considered as profitable resources. In terms of rarity and baseline values, both of them are valuable options. Gold has been a precious metal since historic times but, with developing technology Bitcoin has been successful in sustaining its position as a form of investment.