During 2020 the traditional economies of the world have shown a significant fall due to COVID-19. This has resulted in people changing their gaze towards solid investments. Knowing which is the best investment between Bitcoin and gold is a matter of evaluating both alternatives.
In the first quarter of the year, Bitcoin has experienced a drop in its price, which causes fear for many. During 2019, the two investments gave many things to think about due to their growth, both being the most solid.
Gold has been more stable during the first quarters of 2020 and many people have seen it as the best investment.
However, both markets are unpredictable, so their course could change at any time, making Bitcoin more profitable. Certain things will influence the price of Bitcoin this year, which would cause it to rise. The mining reduction scheduling date of this Cryptocurrency is approaching, and experts expect prices to rise.
One thing that slightly affects the clear visions of these investments has been the dirty campaigns between both investments. Beyond the negative concepts about these investments, it is necessary to talk about the advantages that each one has. So far, many negative predictions about Bitcoin have been a failure while still being a good investment despite the uncertainty.
On the other hand, many people may choose gold this year as an investment to protect themselves from economic recessions. Instead of wasting more time in the pleading, it is best to list each one. We will explain both with their pros and cons so that the reader can draw their conclusions.
Bitcoin as an investment for 2020
Bitcoin is a cryptocurrency of refuge that seeks to flee from the collapses that the world’s economies may have. When it comes to technology, Bitcoin undoubtedly leads the way by being one of the best. Experst expect that this currency change the way that people trade moneyin the next 20 years.
During 2020, it has experienced some falls due to the uncertainty surrounding the coronavirus that has lived in almost the entire planet. On the other hand, the mining reduction that is coming hopes to reverse this situation, achieving the rise of Cryptocurrencies. Now by analyzing the questions of this Cryptocurrency, the pros, and cons of making investments this 2020 can be defined.
Advantages of investing in Bitcoin in 2020
– This is an advanced platform that surpasses the security of the world’s banks.
– It is an interchangeable Cryptocurrency with which you can buy traditionally known coins.
– Trading operations are available in many platforms.
– The amount of coins issued is not manipulable at all, being impossible to issue too many of them.
– It has an emission cap that guarantees the price of the Cryptocurrency in the future.
– It is an impossible network to attack by a hacker because its calculations protect it from all kinds of cyberattacks.
– Unlike other currencies, it does not depend on political strategies to value its price.
– It is a Cryptocurrency that allows you to shelter money for future growth.
– Thanks to the purses, you can stay without having to pay high commissions.
– With this Cryptocurrency, you eliminate resellers and intermediaries.
– It is expected to raise the price after its mining reduction scheduled for May 2020.
– It has shown a decrease in its price due to the COVID-19.
– It is not yet recognized by the regulatory entities of the countries.
Gold as an investment for 2020
Talking about gold is undoubtedly a more tangible form of investment that may be profitable for the future. However, it is not exempt from the falls concerning the demand for the purchase and sale. For this reason, it is also important to list its advantages and disadvantages.
Advantages of gold
– It is a form of investment that has remained profitable for many centuries.
– It has been a good way to secure wealth from generation to generation.
– Being a metal with non-removable properties, it can be stored forever without wear.
– It is better than banknotes because it does not suffer any deterioration.
– All the economies of the world fix their wealth in gold to protect the future of their countries.
– Being a metal, its price is usually valued according to the growth of the economies.
– The amount of this resource on the planet makes it profitable because it is low.
– The value of this mineral has to do with the uses in the market.
– It is used to make jewelry, which gives it an increasingly higher value.
– It has almost stable values , unlike supply and demand interceptions.
Disadvantages of Gold
– Its use in the world is limited.
– Gold does not have a technological security system.
– The Gold has become a complement to Cryptocurrencies.
– It is subject to future impairment.
Gold is also a great investment if you take into account the years it has been in the market. The best way to find out which is more profitable is by making investments between both factors.
Bitcoin Futuristic Projections
Bitcoin is said to be a currency that has never seen a return on investment, even in gold. This is because the demand for this Cryptocurrency is getting stronger and safer growing. The predictions for the future of Bitcoin are very good, which allows for long-term investments.
Something surprising about this Cryptocurrency is that it allows investing in long terms and then sell. Thanks to technology today, it is possible to buy gold with Cryptocurrencies having a relationship between both investments.
Futuristic Gold Projections
Centuries have passed since gold began to be a secure investment for families. From this point of view, it is said that this mining company will be a reason for investments for several more centuries. For several years, gold has proven to be profitable over time, presenting well-supported bullish values.
Gold is a way of investing in the foreign exchange pages, which generates great expectations in the future. Depending on the world economies around the political sphere, this investment expects to continue growing indefinitely.
From a critical point of view, both investments have demonstrated their profitability over the years. Although Bitcoin is too young a coin to be preceded in the future for more than a decade, it has been profitable. If you have doubts about both investments, you can study the market behavior separately and draw your conclusions.