Hello and Namaste Everyone
Bitcoin is known as a digital gold and people prefer to invest in this because they believe it has the potential to grow. This is true because Bitcoin has proven its potential in the past few years. It is expected that Bitcoin will do much better in the long run and can be one of the best digital assets from an investment point of view. Investment is based on speculation and the ability to forecast the market potential. The best investor always invests in something that has a better future in the market in the long term. With Bitcoin people have done the same and whoever is the early investor has made a hell amount of money through the investment.
Now if I talk about gold then it is also one of the favourite physical assets in India. People believe that gold is the safest investment because the price has always grown. I often discuss this with my mother and she has been investing in gold for so many years. I mean to say she has been investing in gold since I was not even born and now you can understand her love for gold. It is an emotional investment for most of the people in India, especially women. I also follow the same because I'm not an exception and why I say this has a reason.
I had been investing in gold before my marriage and never sold anything. Again I said because I am emotional with my gold investment whatever I invest remains with me. I know that I can sell it off anytime and get the money but thankfully there has been no such situation when I need to sell my gold. In my family we invest mostly in gold during the festival time and the same pattern is followed in India. When there is a marriage at home then we buy gold jewellery and that is also a part of investment. Now I have changed my strategy with gold investment because I invest in some jewellery designs that are not full of design. Designer jewellery is built with low carrot gold and not a good way to invest in this.
My mother is more interested in buying gold coins or even silver coins depending on the amount we have in our pocket. Gold has grown a lot in the last twenty years but I know that Bitcoin has grown even more as compared to gold. Bitcoin is new and I got to know about it in 2019 but gold I know since my childhood. So obviously as an investor, I will favour gold as my favourite investment because I can keep it with me and it has a physical presence. But at the same time because I'm in Next Generation I know how important it is to invest in digital instruments which as Bitcoin or any other cryptocurrencies.
My brothers and sisters are not at all interested in investing in Crypto as of now because they believe it is not for them as they do not understand it. I have tried a few times to make them understand but they are least interested. Hope there will be a day when I can bring them to the crypto market and they will be holding some digital assets as I do.
So here is the festival season in India and people are doing a lot of shopping that also includes investing in gold which can be in the form of jewellery or pure gold. Gold is gold and does not matter in which form you buy it because it will always have some value.
Thank you so much
Stay Safe and Enjoy Festive Season