Sell Bitcoin for gold? Not so fast, one analyst says
Bitcoin’s fundamental properties make it a better long-term bet than gold, according to Bitcoin maximalist and analyst Matthew Kratter.
The price of Bitcoin (BTC) will outperform gold in the long run, and BTC holders should not sell their coins to pour into gold during its meteoric run to prices above $4,000 per ounce, according to Bitcoin advocate, educator and market analyst Matthew Kratter.
BTC is a better store of value based on scarcity, portability, verifiability, divisibility, and other characteristics of money, Kratter said. He added:
The steadily increasing supply of gold can be exacerbated by sudden discoveries of large, untapped gold deposits, which exist within the earth’s crust and in space, he said.
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