Gold vs. Bitcoin: Which is Better to Protect Investors from Financial Crises?

January 7, 2020 (Investorideas.com Newswire) There is still a great debate about which is the best asset to protect investors in difficult times: cryptocurrencies or gold.

Cryptocurrencies are often compared to gold. They have a number of features in common – independence from governments, limited emission, and a user consensus ascribing value to them. This is especially true in the case of bitcoin, the first cryptocurrency that still retains the status of the “default crypto”, just like gold retains the status of the most important precious metal.

However, cryptocurrencies are also vastly different from metals: they are a lot easier to trade. Physical gold is extremely difficult to buy, sell, and trade across national borders, and nearly impossible to use as legal tender. Gold turnover is subject to heavy taxation, and many prefer to invest in precious metal accounts instead of physical gold. Cryptocurrencies, on the other hand, are easy to buy and sell, can be freely…