Bitcoin and gold have a lot in common. Both have finite supply, both are stores of value, and both are sometimes thought of as currencies without governments. What is more, both are alternative assets, offering something new to investment portfolios outside shares, bonds, cash, and property.
However, bitcoin and gold are also very different. Gold is significantly less volatile and more tightly regulated. While bitcoin has been better performing and can be used for payments.
Below we review the similarities and differences.
Gold vs Bitcoin
Source: Bloomberg, World Gold Council, CoinDesk, ETF Securities. Data to 16 May 2022