There certainly has been a dramatic rise in Bitcoin value in a short period, but being a dude close to entering his ninth decade, I don't fully trust its ability to remain viable just yet.

If I had gotten in near the beginning, sure. But right now, it is starting to feel risky.

What's better, bitcoin or buying gold?

Honestly, being an old fart, (gosh, I can't believe I'm admitting to it) I just know cash.

If I owned gold could I just go to Walmart and buy a dozen eggs with a gold coin? I know eggs are/were expensive but I'm just using them as an example. Isn't owning gold or bitcoin the same as owning stocks, you have to go through a lot of loopholes just to get it to you?

Before I bought Bitcoin. I did a bit of research and I discovered (IMO) Bitcoin relies on scarcity for its value. It is getting progressively difficult to "mine" Bitcoin to increase supply. Demand is based on collective judgment of its worth. Lately, demand has exceeded supply unless price increases.

Unlike gold, there is no intrinsic worth to cyptocurrency. Because of volatility, unlike USA currency, Bitcoin is not typically a medium of exchange or unit of account. One cannot buy much with it without cashing out.

Furthermore, Bitcoin has not acted yet as a hedge against equities. It tends to follow the market's direction. Finally, I am not completetly assured scarcity will continue because what was done to slow the flow can be undone.

Bitcoin is great for money laundering and criminal activities resulting in high profit margins able to absorb volatility.

The current fallacy of Bitcoin, and that commercial, is not many houses can be bought with Bitcoin because most people wouldn’t accept it as payment. A currency without wide spread acceptance just isn’t worth it for me.

I know a lot of people have gotten ridiculously rich with it, but the same holds true for owners of several stocks and other financial vehicles that are more traditionally liquid and understood.