While Gold vs. Bitcoin is one of the hottest debate of the recent time. Its emergence can be attributed to the fact that investors are looking for a safe haven in apprehended tumultuous times in the world economy. While the proponents of Bitcoin hail it as a boon, Gold investors have completely bashed the theory of them being comparable.
E. B. Tucker is a Senior Analyst of Strategic Investor and Strategic Trader at Casey Research, LLC. According to him, Bitcoin and Gold are “not even comparable,” he said in a recent interview,
"It’s not even a question. It’s walking versus air travel."
Tuckers’ belief in gold stands is due to its profound history of being a store of value for centuries. He said,
“With Bitcoin people don’t realise that there is only about $160-$150 billion overall while gold is an 8 trillion dollar market. You see asset managers and people have to move funds in and out of these assets. Bitcoin is not a functional space to store money.”