The world’s largest cryptocurrency, Bitcoin (BTC), has been compared time and again to gold. Both these assets share similar properties, which has further pushed the community to call Bitcoin “digital gold.”ve a limited supply. While Bitcoin has a supply of 21 million coins, gold is a finite resource that is expensive to mine. The duo is considered a store of value asset, like BTC and gold, and a prominent hedge against inflation. Investors compare these assets to see which is safer and more rewarding. On one hand, Gold has been considered a fairly safe asset with low volatility. Bitcoin, on the other hand, has seen a significant increase in recent years but has only recently begun to emerge from its infancy.
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Bitcoin vs Gold Charts
Bitcoin has witnessed impeccable growth over the past couple of years. The asset managed to reach an all-time high of $111,970.17. Reaching the $100,000 mark came as a prominent milestone for the cryptocurrency. As the market gears up for a much bigger rise, fears of volatility linger. But it should be noted that Bitcoin was trading at its all-time low of $0.0486 about 15 years ago in July 2010.
Meanwhile, gold has also seen a notable rise during the past few years. Currently, the asset is priced at $3,329.02. During the past five years alone, gold has surged by nearly 90%. The asset was trading at a low of $1,100 back in 2010.
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Weighing Out Profits
Bitcoin has dramatically outperformed gold as an investment asset throughout the past 15 years. An investment of $2,000 in Bitcoin back in 2010, when its price was a meager $0.08, would be worth $2.78 billion today. Similarly, if an investor poured in $2,000 in gold back in 2010, they would have secured 1.67 ounces. This is now valued at $5,548 with gold currently priced at $3,329.
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