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Here Is Why Bitcoin Is a Better Investment Opportunity Than Gold | The Motley Fool

Here Is Why Bitcoin Is a Better Investment Opportunity Than Gold | The Motley Fool
These two assets seem to always be drawing comparisons.

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Bitcoin has been on a significant rise since the start of 2023, soaring 307% and reaching near record highs. This surge is attributed to the approval of spot exchange-traded funds and the recent April halving. While gold is also experiencing bullish sentiment, Bitcoin is considered a better asset to own due to its scarcity and utility. Unlike gold, Bitcoin has a fixed supply cap of 21 million coins and is not subject to alterations based on demand trends. Additionally, Bitcoin's digital nature makes it easier to store and transport, and it has shown a much higher increase in price over the past five years compared to gold. As a result, Bitcoin is seen as the superior investment opportunity over the next five to ten years.

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