Many people often ask the question: "Should I buy Bitcoin or buy Gold?". In my personal view, this is the wrong question. The right question should be: "What generation are you living in and how do you want your assets to work?".
Below is my analysis of these two extremes.
1. Gold: The anchor of reassurance (The Anchor)
We cannot deny the 5,000-year history of Gold. Gold is not just a metal, it is trust materialized.
Personal perspective: I see Gold as the "brakes" in a racing car. You cannot race with just the brakes, but without them, you will crash when the market declines. Gold does not help you get rich quickly. If you put 1 billion into gold, 10 years later it will still maintain purchasing power equivalent to that 1 billion (adjusted for inflation), but it is unlikely to turn into 10 billion.
Critical weakness: Gold is not suitable for the digital age. Imagine wanting to transfer 1 million USD worth of assets to the US or Europe immediately? With gold, that is impossible (customs, transportation, insurance fees). Gold is a "static" asset.
2. Bitcoin: The Engine of Freedom
Bitcoin is often referred to as "Digital Gold", but in my view, this term is still modest. Bitcoin is Gold with the ability to be transferred instantaneously.
Personal perspective: Bitcoin represents a shift in ownership thinking. This is the only asset in the world that you can completely hold in your mind (through a 12-character seed phrase), crossing all borders, and no one can confiscate or censor it.
Scarcity power: The scarcity of Gold is due to nature and mining costs, but if the price of gold rises to 10,000 USD/oz, people will dig deeper, find new mines, and supply will increase. With Bitcoin, even if the price rises to 1 million USD/coin, supply will forever remain capped at 21 million. This is absolute mathematical scarcity.
3. The Great Wealth Transfer
This is my most important point: Demographics are supporting Bitcoin.
The Baby Boomer generation (our grandparents, parents) holds the majority of the world's wealth and they believe in Gold/Real estate.
But the Millennials and Gen Z (those entering the golden working age and inheriting assets) grew up with the Internet. For them, digital assets are a given.
As a massive inheritance flows from the old generation to the new generation in the next 10-20 years, I believe a large portion of the capital that was supposed to go to Gold will flow into Bitcoin.
4. Conclusion: Don't choose one, understand the role of both
In my opinion, comparing Bitcoin to Gold is like comparing Email to Snail Mail.
Snail Mail (Gold) remains formal, has historical storage value, and emotional significance.
Email (Bitcoin) is fast, efficient, and meets the needs of the modern world.
Action strategy:
If you want to "Preserve Money" (Defense): Choose Gold. It is the ultimate safe haven when the Internet crashes, power goes out, or world wars literally break out.
If you want to "Make Money" (Attack): Choose Bitcoin. The growth potential of Bitcoin compared to Gold's market capitalization (currently Bitcoin is only about 1/10 of Gold) is still very large.
Final perspective: The enemy of Bitcoin is not Gold, and vice versa. The common enemy of both is inflation and the depreciation of fiat currencies (VND, USD).
#btcvsgold
