Nowadays, investing in something is becoming very popular. Now some people invest in FDs, and some people invest in a government scheme. There are many people who invest in gold. Are you also planning to invest somewhere? That’s important news for you. Gold is considered to be the oldest currency in the world, which can be transacted in any part of the world. At the same time, Bitcoin has been given the title of new-age digital currency. Both of them have given excellent returns in the recent past. Let’s know which of the two assets is better in terms of investing and giving returns.
What is the status of Bitcoin?
After Donald Trump’s victory in the US presidential election, the world’s largest cryptocurrency, Bitcoin, is seeing a stormy pace. It has reached the level of $ 94,000 for the first time. Talking about the last month, Bitcoin has given a return of 35 percent. At the same time, investors have received multibagger returns of more than 146 percent in a year. At the moment, Bitcoin is at the level of $92,530.
How much profit did you make from gold?
Talking about gold, there has also been a big jump in its prices. A year ago, the price of gold was Rs 62,650 per 10 grams, which has now reached Rs 78,080 per 10 grams. Accordingly, gold has given a return of about 25 percent in a year. Gold had also made its all-time high of around 82 thousand rupees in the past. This means that gold has become cheaper by about 5 thousand rupees in the last few days.
The Future of Gold and Bitcoin
Gold is an age-old dependable asset class. It is considered the safest investment in the world. At the same time, Bitcoin is the fastest-growing asset class. It has surpassed silver in terms of market cap in the past and reached number seven. In fact, Trump had promised in the election campaign that after becoming president, he would make America a crypto capital. This is the reason why there is a strong jump in the prices of Bitcoin.
Gold is better for safe investment
After Trump’s victory, gold has become slightly cheaper as the dollar strengthened, as well as bond yields have also increased. However, due to global instability, the price of gold may rise again. In particular, Ukraine’s attack on Russia has increased tensions, and Russian President Vladimir Putin has also threatened a nuclear attack. Reputable rating agency Goldman Sachs also estimates that gold prices will rise further. It is the safest way to invest and can give you stable returns in the medium to long term.
There is a lot of risk in Bitcoin
At the same time, when it comes to Bitcoin, there is no special rule and regulation in India. Bitcoin prices may continue to rise even after Trump’s victory, but it cannot be called a safe investment in India at the moment. Also, there is a heavy tax of 30 percent on profits from cryptocurrencies in India. There is also a 1 percent TDS on crypto transfers. There is no special security feature about crypto here.