Bitcoin (BTC) and Gold have been causing heated arguments among investors and traders over the years, initiating the popular slogan #DropGold. Gold has long years of existence, showing it has indeed withstood the test of time. While Bitcoin only came to being in 2009, indicating it’s nascent when compared to Gold.

However, the choices of enthusiasts of both the famous and valuable commodities were put to test in a recent twitter poll. The poll was captioned with the preferable commodity between Gold, Bitcoin, and US Treasury Bond. In a nutshell, the pool sought the opinion of people on the best long-term investment that they would want to invest their $10,000 in for the period of 10 years

Long Term Investors Prefer Bitcoin to Gold

Going by the Twitter poll resolved involving over 64,000 supposed investors, Bitcoin was selected as the most preferable to Gold when investing for the future.

A twitter influencer identified as Ben Askren, shared the question that goes thus: “Someone gives you a $10,000 that you can’t touch for 10 years, would you rather have the 10k gift in”

He then captioned the question with a poll that had Gold, Bitcoin, and US Treasury Bond as options. The largest cryptocurrency by market cap, Bitcoin, claimed 50% out of the 64,185 votes cast. Gold received 41% of the votes, while US Treasury Bond managed to have 9% of the votes.

Someone gives you a $10,000 that you can’t touch for 10 years, would you rather have the 10k gift in — Ben Askren (@Benaskren) September 27, 2019

Record of Bitcoin’s Price over the Years

A valid commodity has tendency to rise or drop price anytime, depending on its usability, demand, liquidity, and others as such, at a given point in time. These are the indispensable factors that control prices of commodities in the market globally.

Bitcoin and Gold has been subjected to these factors over the years, as they both strive to remain relevant and worthy of significance. Bitcoin emerged 10 years ago, supposedly created by an anonymous entity, Satoshi Nakamoto.

At the inception, Bitcoin was more or less without value, but it has since showcased steady price growth. The fact that 1 BTC is now trading around $8,400 makes it a safe haven for investors and a good commodity in terms of investment return.

The above illustration also indicates that an investment of $100 in Bitcoin when 1 BTC was $1 or less, would have returned at least 100 BTC, which worth $8,359,750 at press time. Its price growth trend and usability over time has quite noteworthy.

In the other hand, Gold is arguably the most valuable precious metal in the world, after Diamond. Over the years, it has maintained its value in the market, due to its importance in construction companies and making ornaments such as jewelries.

These have indeed enhanced the relevancy of the precious metal since its discovery. However, its price also subjects to downtrend and uptrend, like any other valuable commodity.

Considering their comparison, Bitcoin is a digital currency that is powered by blockchain technology. BTC cannot be physically held, as it can only be transferred from one digital wallet to another, while Gold is a physical but valuable metal. These two precious commodities have erupted arguments over the years, as to which would outshine the in the long run.

In conclusion, Considering the emergence, Bitcoin is a nascent commodity, this indicates that it cannot be fully trusted yet, but its growth trend over the years makes it a bit convincing that its future is bright.

Comparably, Gold has proven itself in the global market over again and again – this gives Bitcoin more challenging hurdle to surpass if will overthrow the precious metal as it’s consistently envisaged.