BITCOINS or GOLD COINS - What to Buy ?

SAFE HEAVEN:-

There are several factors that make gold a strong safe-haven asset. It’s valuable as a material for consumer goods such as jewelry and electronics, and it is scarce. Regardless of demand, supply remains disproportionately low. Gold cannot be manufactured like a company issues new shares, or a federal bank prints money. It must be dug up from the ground and processed.

Gold usually performs well during corrections because even if it doesn’t necessarily rise, an asset that remains static while others decline is quite useful as a hedge. Plus, as more people flee stocks and invest in gold, the price rises accordingly.

BITCOIN A NEW FANTASY:-

Bitcoin is a blockchain-based cryptocurrency that shares some properties with its gold counterpart. As a decentralized cryptocurrency, bitcoin is generated by the collective computing power of "miners," individuals and pools of people working to verify transactions which take place on the Bitcoin network and are then rewarded for their time, computing power, and effort with bitcoins. 

WHAT TO CHOOSE ?

Since both can’t be inflated or printed, and neither are correlated with the stock market, they will often be compared to one another. Even with all the similarities, gold and bitcoin are very different. 

Though bitcoin is touted as the new digital gold, it still needs to pass the test of time. 

It’s doubtful that bitcoin will ever replace gold as a safe haven. However, it’s innovative blockchain technology is very exciting. 

There is also some potential for bitcoin to become a worldwide currency. 

But for now, many obstacles are facing the cryptocurrency, and its uses are not well defined.