Most bitcoin owners have decided to dip their feet into less volatile assets like gold. Many bullion organizations are offering the ability to purchase gold using bitcoin. The exchange of bitcoin for gold is quite simple. Bitcoin has a significant upside. Are you yet to engage in this trade? If you are, you are missing out. Here are some mind-blowing reasons for turning bitcoin into gold coins.
- Gold is always in
Gold is among the treasured precious metals which are popular and widespread. It has got used as a source of wealth since time immemorial. They have stood the test of time and are a delight to every living person. Gold is likely to be around, even for many years to come.
It’s something that can’t get said about bitcoin. During its lifetime, bitcoin has become defined as an unstable currency. It has digital characters, which make it inaccessible as well as somehow pretentious.
You ought to invest in something with a little more cultural significance. Bitcoin’s price tends to shift while gold remains unshaken unless during an international crisis. Thus, you can turn your bitcoin into gold at various sites including at bullion79.com.
- The unreliable vs. reliable
Just imagine being able to print out gold bars for each person on earth! It would mean the price would fluctuate. However, this is yet to get invented. The gold amount gets determined by its availability beneath the ground and how much gets dugout. It what makes its price quite stable.
Bitcoin has plenty of gold features in terms of regulating its supply. There is a total of 21 million bitcoins to be mined. Only four million have been left unmined.
What would follow if the supply gets depleted?
One would imagine that miners will begin making profits through monetary transactions. It’s due to the increasing demand with a shortage of supply.
However, despite the numerous theories revolving the end of bitcoin, it’s yet to achieve the status held by precious metals.
- The security of bitcoins is far from being watertight
Everybody dreads losing any of their physical items. Now, what about a thing that’s in digital form? In such a scenario, there’s no way of tracing nor reclaiming it. That’s quite the case with bitcoin.
Any breach or bitcoin leak means the currency is gone. Crypto transactions happen by tracking currency flow from one account to the next. It isn’t for pinpointing where the money came from at anytime. Neither does it show who possessed the currency in times of theft.
There’s technological advancement to deal with this vulnerability. However, it’s not yet there.
Gold can get stolen, as well. Nonetheless, you can choose to protect your gold from theft, unlike bitcoin. You can store your gold with a trusted organization, buy an ultra-safe, among other methods.
However, storing your bitcoin is limited to the digital wallet. There’s yet an invention to store bitcoin offline.
To sum it all up, it’s safer to have gold than bitcoin. Thus, you can check various websites, including at bullion79.com, where you can turn your bitcoin into gold. Get a chance to have a currency with stable value as well as a suitable, culturally accepted investment.