Both Bitcoin and gold are considered prominent stores of value and safe haven assets.However, over the past seven years, one experienced a meteoric rise in terms of market cap, user base and value, while the other failed to live up to the expectations of its investors.On May 13, StockTwits, the world’s largest financial communications platform for the investing community, revealed one of its users’ growth chart comparing various currencies, bonds and assets.In it, a StockTwits user by the name of Charlie Bilello noted that a $10,000 investment in Bitcoin made in July 2010 would have earned investors a $200 mln return.To be exact, a Bitcoin investor who purchased $10,000 worth of Bitcoin in 2010 would have earned $201.56 mln.In contrast, an investor who purchased $10,000 worth of gold in 2010 would have experienced a negative return of $9,981.Gold is widely regarded as a safe haven asset, which by definition means an investment that retains or increases its value amidst market turbulence and economic certainty, over time.

In the past seven years, gold hasn’t met either of the two descriptions.Gold has failed to sustain its value over a seven-year period and has failed to see an increase in its value.Thus, whether gold can still be considered as a safe haven asset is quite unclear.Since July of 2010, Bitcoin has significantly outperformed the Japanese yen, Canadian dollar, Euro, Silver, Gold, US Dollar, bonds, global stocks, US real estate and US stocks.Naturally, its decentralized nature, high liquidity and transportability began to appeal to a wide range of investors seeking for alternative assets to protect their wealth with a long-term investment.In many ways, Bitcoin can be perceived as Gold 2.0, or digital gold, due to its characteristics.Unlike gold, Bitcoin can sustain its value or even record an increase in its value over time because of its fixed supply of 21 mln Bitcoins.If a massive gold supply is discovered, then gold could become inflationary in terms of supply and could hinder its mid-term value.

In fact, in late March, China’s largest gold mine to date was discovered by Shangdong Gold Group, a state-owned gold producer in China.At the time, Bloomberg reported: “The Xiling mine in Shandong province told local authorities it had found 382.58 tons of gold reserves and that the volume could reach more than 550 tons once exploration is completed in two years.” More importantly, Bitcoin’s ownership is evidently portrayed with the utilization of cryptography.bitcoin ostHence, Bitcoin can’t be seized by a central entity because the Bitcoin network itself is decentralized and unalterable.first bitcoin bank cyprusFurthermore, Bitcoin provides an important component which gold fails to offer and that is settlement network.buying bitcoin coinbase bank account

Bitcoin as of current is often referred to as digital gold and settlement network.It isn’t necessarily perceived as digital cash as laid out by Bitcoin creator Satoshi Nakamoto because of the lack of scaling and the network’s high transaction fees.bitcoin coin asicA small Rs 10,000 investment made in the digital currency bitcoin in 2010 would have increased 66,00,000%, netting the investor a cool Rs 66 crore.In 2010, bitcoin—the cryptocurrency that had then come into being only a year back—was valued at the average of USD 0.06 or Rs.bitcoin future valuation2.85.Bitcoin hit a record-high of USD 2,779 yesterday,  stunning investors and observers around the world.litecoin core setupIt has appreciated 150 percent year to date.The cryptocurrency got a shot in the arm following the bitcoin community recently reaching a consensus on the scaling issue that earlier capped the total production at the projected amount of 21 million.A pact signed by more than 50 companies for increasing the block size and activating Segregated Witness -- a new way of verifying transactions -- was posted by Digital Currency Group on its blog.Though Bitcoin’s present popularity is unprecedented in the world of cryptocurrency, which used to be a niche community even four-five years back, it was not unforeseen given the rapid development in the digital sphere in terms of business.Bank of America’s currency analyst Merrill Lynch wrote in a 2013 report: “We believe Bitcoin can become a major means of payment for e-commerce and may emerge as a serious competitor to traditional money transfer providers.”Although late to start, India is also catching up on the bitcoin market.subway takes bitcoin

Earlier this month, a bitcoin exchange app Zebpay announced its app had reached 500,000 downloads on Android Play Store in India.But the increase in number of bitcoin users in India has got a negative reaction from the government.The regulatory gray area around bitcoins, and the perception it can used for illegal transactions with impunity, has always weighed on the instrument.Nonetheless, many believe that the idea of a decentralised currency powered by a technological solution (blockchain) is an idea whose time has come.Bitcoin’s blockchain technology with its security, anonymity, minuscule transaction charge, and a new promise of decreasing the transaction time, is lucrative to investors, corporate organizations, and financial services companies alike.bitcoin detail in urduThe CrushTheStreet Staff Is Consistently Researching The Most Important Investment Research.bitcoin marketplace eu

Our Goal Is To Magnify Your Financial Education At These Critical Times.Gain Immediate Access To Our Wide-Range of Top-Conviction Reports It is incredible to witness what happens in an unmanipulated and truly free market.The price is reflecting all of the tremendous infrastructure that is being built out within the Bitcoin community.Major news has been developing, and major players are entering the Bitcoin space.Now, one of the “Big 4,” Ernst and Young, is accepting Bitcoin in Switzerland.After months of development, the CME Group has officially launched its Bitcoin price index.Even Trump picked a Republican Bitcoin proponent, Congressman Mick Mulvaney, to be his Office of Management and Budget Chief.The infrastructure build-out for Bitcoin is just unstoppable.On January 1st, 2011, Bitcoin was $0.30.If you bought $10,000 worth of Bitcoin on that day and held it until now, your investment would be worth $30 million.Who would have thought in 2010, or even 2011, that Bitcoin would do what we are seeing it do?

Rarely do we actually get to experience true price discovery, but there is one currency that is benefiting from what the market truly thinks of it.And when it happens, it’s a beautiful thing.Bitcoin ALMOST reached $1,000 this week and is currently oscillating in the $900 range.Since I became familiar with Bitcoin, I’ve been 100% enamored by it.It’s a revolutionary mystery and a completely new frontier that the powers that be have zero control over.When I first discussed it, it wasn’t received well at all.It turned many people off, and that was understandable.It was very foreign, and most people (including I) barely understood it. at $13.Since then, we’ve seen it spike up to its all-time high of $1,216.73 on November 17, 2013.It then proceeded to crash down into the $200 range, falling like a knife.We are on the verge of witnessing Bitcoin retake $1,000, with more fundamentals than ever.We’ve seen Bitcoin go straight up in dollar value since early 2015, coincidentally just as the dollar was going through a major bullish trend, which hasn’t stopped.

Bitcoin’s epic run in the face of a strong dollar only goes to show how powerful its uptrend has really been the last couple of years.Governments around the world are in a state of change, and Bitcoin has certainly been a safe haven for wealth preservation around the world – especially in areas of great economic unrest, such as South America, Europe, and China.It is a hedge against inflation, as only 16 million bitcoins are in circulation, with only 21 million ever to be released.Similar to physical gold and silver, Bitcoin is true, private money, and it gives people a true alternative to the banking system, with the ability to transact instantly worldwide 24 hours a day, 7 days a week.The upside for Bitcoin could truly be unprecedented.It could truly blow your mind if this really takes off.the Dow in 2016: The transaction volume for Bitcoin is also growing exponentially., Bitcoin expert Trace Mayer, throughout the year, he has pointed out multiple times this year that offshore tax haven assets total approximately $30 trillion.