As an investor looking to diversify my portfolio, I’m intrigued by the idea of using bitcoin to purchase gold. What platforms or services allow for this type of transaction? How does the process work exactly – can I directly trade my bitcoin for physical gold bullion or coins? Are there any tax implications or fees to consider when buying gold using cryptocurrency?
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Gold is number one asset in terms of market cap. Bitcoin is one of the top 10 assets in terms of market cap. Even though value of gold is higher than bitcooin, bitcoin is also an asset that went from zero to $70K just in less than 15 years. Gold has been with us for a couple of thousand years, yet bRead more
Gold is number one asset in terms of market cap. Bitcoin is one of the top 10 assets in terms of market cap. Even though value of gold is higher than bitcooin, bitcoin is also an asset that went from zero to $70K just in less than 15 years. Gold has been with us for a couple of thousand years, yet bitcoin has managed to grow tremendously. Therefore, buying gold with bitcoin is not a good idea because bitcoin can be more profitable
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