Gold vs Bitcoin: Gold or Bitcoin... in which should you invest, which will give you huge profits?

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 a new-age digital currency. Both of these have given great returns in the recent past. Let us know which of the two assets is better in terms of investment and returns.

What is the condition of Bitcoin?

After Donald Trump's victory in the US presidential election, the world's largest cryptocurrency Bitcoin is witnessing a stormy pace. It has reached the level of 94 thousand dollars for the first time. Talking about the last month, Bitcoin has given a return of 35 percent. At the same time, investors have got a multibagger return of more than 146 percent from it in a year. Currently, Bitcoin is at the level of $ 92,530.

How much profit was made from gold?

Talking about gold, its prices have also jumped a lot. A year ago, the gold price was Rs 62,650 per 10 grams, which has now reached Rs 78,080 per 10 grams. According to this, gold has given a return of about 25 percent in a year. Gold also made its all-time high of about Rs 82 thousand in the past. This means that gold has become cheaper by about Rs 5 thousand in the last few days.

Future of gold and bitcoin

Gold is a centuries-old trusted asset class. It is considered the safest investment in the world. At the same time, bitcoin is the fastest-growing asset class. Recently, it overtook silver in terms of market cap and reached number seven. Trump had promised in the election campaign that after becoming president, he would make America a crypto capital. This is the reason why bitcoin prices are seeing a strong jump.

Gold is better for safe investment.

After Trump's victory, gold has become a little cheaper, because the dollar has strengthened, as well as the bond yield has also increased. But, 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. The prestigious rating agency Goldman Sachs also estimates that the price of gold will rise further. It is the safest way to invest and can give you stable returns in the medium to long term.

Bitcoin is more risky.

On the other hand, if we talk about Bitcoin, there are no special rules and regulations regarding it 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, a heavy tax of 30 percent is levied on profits from cryptocurrency in India. There is also 1 percent TDS on crypto transfer. There is no special security feature regarding crypto here. In such a situation, invest in Bitcoin or cryptocurrency only if your risk-taking ability is high.