Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Should we sell Bitcoin to buy gold right now?
According to Matthew Kratter — a market analyst, educator, and Bitcoin advocate — Bitcoin (BTC) will outperform gold as a long-term store of value. He advises investors holding Bitcoin not to sell their BTC to switch to gold, even if the price of gold rises above $4,000 per ounce.
Kratter argues that Bitcoin has superior financial characteristics compared to gold, including a fixed supply, global transferability, easy verification, high divisibility, and independence from intermediaries. Meanwhile, the supply of gold continues to increase at a rate of 1-2% per year, which could lead to the total circulating supply doubling after a few decades. Additionally, the discovery of new gold mines or breakthroughs in mining technology could weaken the scarcity of gold.
He also emphasized the inherent limitations of gold in the digital age, such as high costs for transportation, storage, and insurance, as well as the inability to transfer it online. In contrast, Bitcoin is seen as a natural evolution of currency in the Internet age.
$BTC