However, it is the same wine in a new bottle! Since the rise of Bitcoin (BTC) to become the most influential cryptocurrency in the world, debates over ‘BTC vs. Gold’ have become common.
Furthermore, the irony is that even today, a consolidated statement on which is better as an investment remains speculative. In this regard, the most frequently asked question to financial and investment advisors is whether it is better to invest in gold or Bitcoin.
Despite this, and for the topic and question that still has no solid ‘Yes or No’ answer, Ronald-Peter Stoeferle, managing partner of Incrementum AG, expresses his opinion.
Concerning Bitcoin (BTC)
Ronald-Peter Stoeferle’s opinions should be considered because he is a partner in a well-known asset management and investment management firm. When asked, “Which is better for investments, Bitcoin or gold?” Peter replied, “Bitcoin.” Peter responds that gold and Bitcoin are two completely different entities that should never be compared. This is a rather contradictory statement made by him.
Furthermore, Peter portrays the BTC as the new kid on the block. He implies that, despite being newer than gold, BTC has gotten a lot of attention. BTC may have high volatility, which is why it is so controversial, he adds.
Furthermore, he states that one can either love or hate BTC, but never be in the middle. Furthermore, he claims that if BTC remains for the next five to ten years, or even longer, it will be in an unimaginable position!
When it comes to the yellow metal, on the other hand, Peter describes it as solid and standard. Furthermore, he claims that the potential for gold is so great that achieving such status for BTC will take a long time.
Despite this, gold has a market capitalization of $10 trillion, which is extremely standard. However, the value of Bitcoin is between $800 and $900 billion, which is obviously small in comparison to gold.
If I had chosen #Gold instead of #Bitcoin last year, it would have been a multi-billion dollar mistake. It doesn’t help to diagnose the problem if you don’t choose the right solution. pic.twitter.com/UrYksm7X6w
— Michael Saylor⚡️ (@michael_saylor) September 5, 2021
As a result, Saylor claims that after investing in BTC for over a year, the returns are 376.64 percent, which is obviously astounding in terms of returns on investment.