The battle between Bitcoin and Gold has risen to epic proportions in the recent year.  For years it was just little grumblings between the investment camps, but 2020 brought with it Bitcoins metioric rise to $40k, and with it the competition with gold and its history of loyalty.

For me, the answer to the question "Which is better, Bitcoin or Gold?" isn't answered in an either/or.  It's answered with AND!  I choose to invest in Bitcoin AND gold.  And I think it's perfectly reasonable to do both. I'm made good money investing in BOTH.  And I don't plan on stopping.

I first invested in Bitcoin when it was at the $5,000 mark around March/April of 2020.  I've been a HODLER since (holding it).  I help it pay an income by storing some with Celsius Network and BlockFi (making around 6% interest).

I first invested in Gold when it was around the $1,500 mark around February 2020.  I invest in a few dividend paying holdings, which also allow it to pay some income.

Reasons I like gold:

• Historic Value:  Over 3000+ years of historic value.  It's so old it's in the bible.  Wars have been waged over it.
• Inflation Hedge:  Fiat currency, or paper money, has always devalued over time.  Gold was $35 an ounce in 1971.  Today, it's around $1900.  So unlike the paper dollar, gold has gotten more expense.  It is historically a store of value.  A place people can put their money and feel good it will retain more of its purchasing power than leaving it in their native currency.
• Global:  Gold is valuable WORLDWIDE.  From the poorest areas, to the richest.
• It's REAL:  Gold, unlike many paper assets, is a hard asset.  You can hold it in your hand.  It shines in your eye.  It's just beautiful.
• Diversity:  Gold performs different than the stock market.  I like having assets that perform differently.  It provides diversification.

Reasons I like Bitcoin:

• Decade of UP:  Bitcoin has had an insane decade!  Since it's begining in 2009, Bitcoin has been one of the best performing assets out there.  That is undeniable.  Anything with that big of an upswing cannot be ignored.
• Scarcity:  Similar to gold, there is a set amount.  It cannot be recreated once it's depleted.  This helps to ensure it cannot be manipulated.
• Diversity:  Similar to gold, it's seperate from the stock market.  In fact, it trades 24/7.  
• It's an Idea:  Bitcoin has an idealistic feeling and philosophy that makes it fun to be a part of.  It's independent from government, and that makes the possibilities interesting.
• Global:  Bitcoin is also valuable worldwide to anyone with a phone or computer and internet access.  It can be sent world wide, transfered, etc.

Bitcoin and gold share more similarities than gold advocates and Bitcoin proponents would like to admit. But I'm okay with that!  I'll be happy to invest with both of them, and enjoy the potential benefits. 

Sometimes I feel like the mutual friend to two sworn enemies, as I convince them to get along.

Gold is clearly a proven store of value (it has the history to back it up that Bitcoin does not).  It has survived longer than any paper currency. And Bitcoin is a speculative store of value and one MASSIVELY performing speculative asset over the last decade.  To me, there's not reason to choose.  I pick both.

I personally utilize less than 10% of my portfolio for both my gold and bitcoin holdings (I also own Silver and some Ethereum) - considering them in my speculative/insurance holdings.  

The above should not be considered investment advice, just my own personal thoughts on both gold and bitcoin.  If you enjoyed the above, and want to learn more about Gold as an investment, feel free to check out my Intro to Gold guide HERE.