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❕NEWS Bitcoin is outperformed gold in terms of money protection

Flower

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Bitcoin is the best asset for people who want to preserve their money from inflation, according to Mike Novogartz, a billionaire and CEO of Galaxy Digital.

He went on to say that bitcoin should be the currency of choice for everyone, especially countries with high inflation rates. Bitcoin's track record clearly indicates that it may be utilized to lower inflation rates.

Suarez, the mayor of Miami, used bitcoin to reduce inflation in his city.

The low performance of gold disappointed those who invested in the precious metal. Gold was hovering around $1800, despite the fact that it should have been worth much more for a long time.
 

Ononivami1

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It's true that if one wants to protect his or her money from inflation, bitcoin is the way to go. It really help curb the inflation rate and prevent your money from losing values very quickly.
 

Brain

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I just like the support that crypto currency and especially BTC is getting from people it shows that with time we will have a large number of people transacting with btc. I also support that this should be a choice that should be taken by people that wants to and there should be no restrictions from the government. Good to know a lot of notable people are in support of this
 

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Gold Is A Metal But The Fact Is You Can Not Expect More Than 10% From It It An Year And When Falling It Can Go Up To 30% There Is Much Difference In Gold And Crypto
 

Ononivami1

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Gold Is A Metal But The Fact Is You Can Not Expect More Than 10% From It It An Year And When Falling It Can Go Up To 30% There Is Much Difference In Gold And Crypto
The level of fluctuations in cryptocurrency is very high and that's responsible for the high profit and loss margin. On the other hand, gold is a more stable investment. Fluctuations is not pronounced and that's responsible for the low profit.
 

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Yes. You are right but this year gold has gained profit as well along with Bitcoin. But recent investors want yo have profits yhat are in red at the moment tbh
 

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Indeex I have made investment in ltc along with my friends in recent past at $160 level so now its reached $200 this is good actually to be honest ...
 

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I think during the pandemic lot of people were really making loss as their flat currency they were all storing was devaluing ,and Bitcoin was the best way or method people use to preserve their currency to prevent any further happenings of devaluation and luckily for those that invested then ,they made more profit through that principle they were actually adopting to reduce the effect of inflation as Bitcoin continue to increase
 

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I think during the pandemic lot of people were really making loss as their flat currency they were all storing was devaluing ,and Bitcoin was the best way or method people use to preserve their currency to prevent any further happenings of devaluation and luckily for those that invested then ,they made more profit through that principle they were actually adopting to reduce the effect of inflation as Bitcoin continue to increase
The inflation rate ravaging all the countries of the world really calls for the adoption of cryptocurrencies. This will protect our money from inflation. The dangerous factor that eats deep into the economy of the country is inflation. The inflation could be curbed to the barest minimum with cryptocurrency and it's high time the developing nation adopted cryptocurrencies.
 

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The inflation rate ravaging all the countries of the world really calls for the adoption of cryptocurrencies. This will protect our money from inflation. The dangerous factor that eats deep into the economy of the country is inflation. The inflation could be curbed to the barest minimum with cryptocurrency and it's high time the developing nation adopted cryptocurrencies.
Very true , I think inflation have actually made some country currency lose value ,I have actually converted the amount I have more into crypto currency because I don't want more devaluation of my money, or my money get wiped out due to inflation and others ,that is affecting the economy more than expected ,the inflation rate is high for now i really hope it gets low and crypto currency is a better alternative for me
 

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I think if bitcoin didn't enter the market gold could've already set records and would've probably worth more now, as gold's biggest competitor now it's cryptocurrencies especially bitcoin, and i think alot who previously wanted to invest in gold now invests in bitcoin
 

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I think if bitcoin didn't enter the market gold could've already set records and would've probably worth more now, as gold's biggest competitor now it's cryptocurrencies especially bitcoin, and i think alot who previously wanted to invest in gold now invests in bitcoin
Very true am sure gold would have gone very far because lot of people would have focused more on gold considering the fast that it have a physical value and could be a better store of wealth due to the worth ,even the price would have been more volatile ,the only difference would have been the decentralized nature of it , many invest in Bitcoin because of that ,Bitcoin demand is still moving high and people still put more effort too in investing in gold to make little gains
 

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Very true am sure gold would have gone very far because lot of people would have focused more on gold considering the fast that it have a physical value and could be a better store of wealth due to the worth ,even the price would have been more volatile ,the only difference would have been the decentralized nature of it , many invest in Bitcoin because of that ,Bitcoin demand is still moving high and people still put more effort too in investing in gold to make little gains
Yeah also to add that bitcoin is alot more accessible to many than gold, i remember trying to invest in gold couldn't figure out out find a way on how to invest in it, unlike with bitcoin it is really easy to invest in
 

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Yeah also to add that bitcoin is alot more accessible to many than gold, i remember trying to invest in gold couldn't figure out out find a way on how to invest in it, unlike with bitcoin it is really easy to invest in
Very true Bitcoin is very much accessible ,I think there are vast exchange platform that are making use of it and have launched the use of it than even gold ,so it's truly more access than even gold ,I guess this is a very big advantage and why the adoption level is growing more than expected ,with people putting concern in the coin than even gold I think
 

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Very true , I think inflation have actually made some country currency lose value ,I have actually converted the amount I have more into crypto currency because I don't want more devaluation of my money, or my money get wiped out due to inflation and others ,that is affecting the economy more than expected ,the inflation rate is high for now i really hope it gets low and crypto currency is a better alternative for me
That's a good move. The only way to save yourself from losing your money is by keeping as cryptocurrency. However, if I may ask, what is the cryptocurrency that you are using to store your money? I ask this question because you need to be aware of the level of fluctuations in the crypto world. The volatility is very pronounced and one need to choose wisely.
 

Wisdom01

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That's a good move. The only way to save yourself from losing your money is by keeping as cryptocurrency. However, if I may ask, what is the cryptocurrency that you are using to store your money? I ask this question because you need to be aware of the level of fluctuations in the crypto world. The volatility is very pronounced and one need to choose wisely.
I think usdt is actually a better crypto currency to store , because most especially when the dollar have gains over your local currency ,you could save in usdt to prevent any further existence of devaluation to the amount you have ,I think that's what lot of people do these days ,since investing in cryptocurrency like Bitcoin is risky and you need to be watchful so your investment is not finished
 

Flower

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I think usdt is actually a better crypto currency to store , because most especially when the dollar have gains over your local currency ,you could save in usdt to prevent any further existence of devaluation to the amount you have ,I think that's what lot of people do these days ,since investing in cryptocurrency like Bitcoin is risky and you need to be watchful so your investment is not finished
The stable coin's value hover around the value of dollar. I think the best way to store your money from inflation is bitcoin. Bitcoin fluctuate but you are sure that it would definitely appreciate on the long run. Storing your money in USDT more or less like the fiat currency.
 

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The stable coin's value hover around the value of dollar. I think the best way to store your money from inflation is bitcoin. Bitcoin fluctuate but you are sure that it would definitely appreciate on the long run. Storing your money in USDT more or less like the fiat currency.
Yeah I picked usdt , because the flunctuation of cryptocurrency like Bitcoin could even be more and could take off your investment compared to inflation ,that's why I put up stable coin as a very good alternative when you see that a country currency is more better than your own local currency you can invest in the stable coin to make multiple gains when the price of your country currency weakens
 

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Bitcoin is the best asset for people who want to preserve their money from inflation, according to Mike Novogartz, a billionaire and CEO of Galaxy Digital.

He went on to say that bitcoin should be the currency of choice for everyone, especially countries with high inflation rates. Bitcoin's track record clearly indicates that it may be utilized to lower inflation rates.

Suarez, the mayor of Miami, used bitcoin to reduce inflation in his city.

The low performance of gold disappointed those who invested in the precious metal. Gold was hovering around $1800, despite the fact that it should have been worth much more for a long time.
It is good to see that bitcoin is doing so well and i think that when articles like this are being published that it will help a lot of peopel in trying to switch their investment from gold in order to reach the cryptocurrency world and this will cause a rise in demand which will in turn rise the value of the coins as well.
 

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