Vitalik Buterin claims that betting cryptocurrency is more profitable than gold.
Vitalik Buterin responded to Zach Weinersmith's statement about the advice to buy gold for BTC.
Ethereum co-owner Vitalik Buterin claims that the crypto asset is much more profitable than gold, adding that cryptocurrencies have become more widely accepted.
Vitalik Buterin believes that gold is rather difficult to sell with an unreliable side, plus there are no guarantees of reliable storage when access to it can be controlled by several people.
This is far from an isolated case of Vitalik Buterin extolling crypto assets over gold. Earlier, in 2018, he posted on his Twitter account that BTC is clearly preferable to gold as a store of value.
Uniswap creator Adam Heyden agrees with Buterin, confirming this by saying that "gold also comes with the risk of large centrally controlled inflation due to asteroid mining".
The main question and topic of disagreement among investors for 10 years: "Which is better to invest in gold or cryptocurrency?".
Even despite the fall of the cryptocurrency, which also means its exposure to inflation, the price of gold has also been subject to decline since the beginning of 2022.
However, the proliferation of cryptoassets also means that they will eventually absorb gold's market capitalization as more investors gravitate towards Bitcoin as a store of value, despite the negative growth this year.
This can be seen in the size of the trades between BTC and the British pound since Liz Truss took over as prime minister. After the fall of the pound sterling, the amount of trades between BTC and GBP increased by 233% in September.
