Investors Beware: Gold Bull Market vs Bitcoin $100,000 - Store of value, currency or commodity

Make no mistake. I am cheering for Bitcoin. I have a lot of money in the crypto space. I want it to go higher and I think it will go a lot higher. But how does it compare to Gold?

This is Part 1 of 2 on our Bitcoin VS Gold series.

Is Bitcoin a currency, or is Bitcoin a commodity?

Cryptocurrencies are just a bunch of zeroes and ones.

If the market for a particular cryptocurrency collapses it will be worth exactly nothing, regardless of the cost (energy, equipment and time) to create the coin.

Commodities like gold, you actually own a physical asset – even if the intrinsic value of that asset is debatable.

Every bank note and coin minted is backed by the full faith and credit of the issuing government - for what that’s worth.

Dirty Bitcoin - Gold is the purest money and has a much smaller Greenhouse gas footprint than Bitcoin.

Bitcoin is awkward to use as a currency as the transaction times are roughly 15 minutes.

By buying things like gift cards with Bitcoin you’re not really using Bitcoin itself as the currency.

Bitcoin serves better as a commodity as a store of value.

Bitcoin is real and it’s here to stay, but has been disconnected from the stock market and even gold itself.

Bitcoin has been in overbought territory far more often than oversold territory

Bitcoin is subject to extreme price volatility where it's swift gains (or losses) undermines its attractiveness as a stable store of value.

And if you can’t stomach volatility, then cryptos might not be your cup of tea.

Bitcoin is too awkward to use as a currency for day-to-day transactions, the same isn’t necessarily true of other cryptocurrencies.

Ethereum, the second largest cryptocurrency’s performance has often been driven by the performance of Bitcoin itself.

But the new driver of interest in Ethereum is DeFi (Decentralized Finance) – financial services backed by blockchain technology, primarily built on the Ethereum platform.

Cryptocurrencies will eventually be used as the new digital cash of the future.

And the Bitcoin math “theory” that recently made its way around the world regarded by almost all Bitcoin bugs – is wrong..

I will probably get more hate email next week than combined in the history of my firm for what I am going to publish next week.

But again, I play in the sandbox where I have an advantage over other fund managers or newsletter writers – in gold equities.

Not a single newsletter or fund manager in the sector can come close to my returns over the past 12, 24, 36 or 60 months.

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