{"id":908064,"date":"2021-03-25T22:30:14","date_gmt":"2021-03-26T02:30:14","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=908064"},"modified":"2025-04-15T02:25:10","modified_gmt":"2025-04-15T06:25:10","slug":"bitcoin-vs-gold-2021","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/news\/bitcoin-vs-gold-2021","title":{"rendered":"Bitcoin vs Gold 2021: Which should you invest in?"},"content":{"rendered":"

J.P. Morgan suspects Bitcoin is on its way to becoming the new gold \u2013 but should you invest?<\/strong><\/h2>
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Bitcoin is amidst it\u2019s biggest bull run in history, growing 250% from CAD$20,000 per coin to CAD$73,000 in a matter of months against a backdrop of unprecedented global stimulus and money printing by central banks. <\/span><\/p>

Despite these economic conditions, gold has only gained 11% in the past year, leading many to question whether their money could be put to better use. <\/span><\/p>

Given the similarities between the two assets, Bitcoin has earned a reputation as digital gold. Which begs the question \u2013 is one better than the other?<\/span><\/p>

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\n Disclaimer:<\/b> This information should not be interpreted as an endorsement of cryptocurrency or any specific\n provider, service or offering. It is not a recommendation to trade.\n <\/div>\n<\/div>\n

Bitcoin and gold compared \u2013 what makes them valuable?<\/strong><\/h3>

Both Bitcoin and Gold excel at being scarce assets \u2013 especially when compared to fiat currencies.<\/span><\/p>

\u201cGold was discovered accidentally and thought to be scarce enough for economic usefulness for centuries.<\/span><\/i><\/p>

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Bitcoin was designed purposely by borrowing sound ideas about the intrinsic value attributed to precious earth metals like gold, property, and commodity money, and converging upon it the culmination of sound ideas from the disciplines of cryptography and mathematics, resulting in an alternate asset class in the elegant form of a censorship resistant internet technology<\/span>\u201d<\/p>\n