Between gold and Bitcoin, the story of Bitcoin is winning.

Gold is typically described as a reliable and safe store of value during uncertain times.

I’ve said so myself.

There is also the story that when times get rough, the price of gold will fly to the moon, and beyond.

And yet…

The last 12 months have been tumultuous in the world of politics, around the word.

And we’ve seen the pandemic of the century devastate populations and economies everywhere.

Meanwhile, the price of gold is…

Well, as I write this, the price of gold is pretty much the same as it was a month ago, and almost exactly the same as it was a year ago.

Whatever happened to the story of gold? Why hasn’t the price gone to the moon and beyond?

By the look of it, the story of gold was nothing more than that… a story.

Sure, it has been a store of value over the last year or so. But nothing much else.

If you’ve been sitting on a pile of gold in your bunker for the last 12 months, you’ve been missing out badly.

In April of 2020, a year ago, the price of one Bitcoin fluctuated between a high and low of $8,784 and $6,423.

About $7,600 on average.

Today the price of a single Bitcoin is $63,456.

While gold has been doing pretty much nothing, Bitcoin has flown to the moon and beyond. It highjacked gold’s rocket!

Why? Basically, because it has a much better story to tell.

The story of gold is very twentieth century. Lots of tired old commentators regurgitating the same old predictions, hoping that one day those predictions might come true.

The story of Bitcoin, cryptocurrencies and the blockchain are stories for this century.

It’s a whole new beginning.

Volatile and high-risk? Absolutely.

For a true store of value, gold alone is no longer enough.

Yes, I still own some gold bullion. If nothing else, the last year has shown us the price of gold can at least hold steady during hard times.

It’s disappointing that the price didn’t do a whole lot better. But at least I haven’t lost money by being in gold.

But… if I hadn’t chosen to invest in Bitcoin during the latter half of last year, I would have missed out on a huge return on my money.

Being a cautious person, I have already taken out my original stake. But because the price rose by some much, I still have plenty left in Bitcoin, so I can watch it grow.

And for reasons I’ve covered elsewhere, I believe we are nowhere near the top for Bitcoin or, for that matter, Etherium.

This is the new story, and it’s a whole lot more compelling.

Like I said, the story of gold is becoming an old man’s story. It’s the story of times gone by.

Still solid. Still reliable. But not a good way to make money.

Cryptocurrencies have a lot more going for them.

High unit value. Instantly liquid. Totally portable. And, if you hold your private keys, unstealable.

Long story short, Bitcoin is not just the new gold for the twenty-first century. It’s a better gold, by almost every measure.

Where can you buy Bitcoin?

There are various ways to buy Bitcoin. But unless you’re already an expert, your best bet is to buy through an exchange.

This allows you to buy, sell, and store your Bitcoin all in the same place.

Kraken and Coinbase are two of the largest and best-established exchanges.

Create an account with Kraken…

Set up an account at Coinbase…

[OwningGold is an affiliate of both Kraken and Coinbase. This means that if you sign up for either service after following one of our links, we’ll receive a small commission.]