Two pictures show how Bitcoin surpasses gold step by step

Bitcoin surpassed gold last Thursday! In addition, Bitcoin prices have risen 35% so far this year, and last year's surge of 120%, making Bitcoin the world's best performing currency for two consecutive years.

The above chart describes the appreciation path of Bitcoin.

Although Bitcoin is close to parity with gold, the market value of gold is much larger than that of Bitcoin. The current market value of gold is more than 300 times that of Bitcoin.
It is believed that Bitcoin has performed well in the past two years, but the market value of gold is far greater than that of Bitcoin. The value of gold is more stable and can meet investors' needs for hedging and preservation of value, while Bitcoin can better meet investors' speculative needs.
Therefore, it is recommended that investors with medium- and long-term risk aversion and hedging needs go long on gold, and investors with short-term speculative needs trade Bitcoin.