Bitcoin vs. Gold: Which Is the Better Wealth Preservation Strategy?

Introduction

Gold through millennia has been a longstanding asset, yet today companies are adopting Bitcoin and including it as an asset class on their balance sheet.

This research aims to investigate a question that addresses the future wealth preservation strategy for Ultra High Net Worth Individuals and Family Offices rather than whether to invest in these assets at all.

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A Brief History of Gold as a Safe Haven Asset

Since the beginning of history, gold has been the gold standard of preserving wealth. Gold’s rarity, endurance, and rather positive standing in the minds of many people have made it one of the most common ways of storing value during a variety of economic crises.

Why Gold has Endured

The history of gold shows that it has always been a viable way to protect against inflation, currency devaluation, and geopolitical instability. Gold has always preserved its value thanks to the following:

• Scarcity

• Rarity

• Recognizable long-standing value

• Historical reputation as a symbol of wealth and stability

• Limited supply and intrinsic value

• Polar to inflation a value competent that common by money

• Gold has been circulating for much longer than any forms of money – therefore, it inspires confidence.

The Rise of Bitcoin as Digital Gold

Bitcoin, known as “digital gold,” was developed to offer a decentralized option to typical currencies. Over the last ten years, Bitcoin has developed as a store of value and a particularly useful one for any individual who was searching for a way to protect themselves from the risks associated with the existing financial system.

Comparing the Key Characteristics

Learn more about Bitcoin's unique value proposition, market volatility, wealth preservation and other aspects: https://www.thebitcoinworld.com/post/bitcoin-vs-gold