Digital gold vs Bitcoin: Which one should you invest in?

Digital Gold vs Bitcoin

Digital gold investment is one of the most cost-effective and convenient virtual investment tools available today. You can invest in digital gold online via your trusted payment apps like Paytm, PhonePe, and Gpay. You also have the option of investing via portfolio managers in firms like Aditya Birla Capital, HDFC Securities, Motilal Oswal, and Fisdom. Your online investment in gold can easily be facilitated with the click of a button.

Here are some benefits of investing in digital gold:

  • Invest in gold online for as low as Re. 1
  • Buying from MMTC-PAMP ensures that on redemption you receive only 24 Karat, 999.9 pure gold.
  • Wondering how to invest in gold online? Buy and sell your gold at a live market rate from anywhere from our trusted partners listed above.
  • The gold you buy online is allocated as physical gold under your direct ownership and stored within fully insured, certified vaults located on our highly secure premises.

Investment gurus across the board keep on pitching digital gold against crypto currencies like Bitcoin. But which one should you invest in? Here are some key differences to help you make an informed decision.

Key parameters Digital Gold Bitcoin
1. Definition Digitized representation of physical gold. World’s first decentralized cryptocurrency
2. Risk involved Very little risk as it is backed by trusted brand names, and the physical gold allocated against it is stored in secure and insured vaults. Some risk as despite being highly encrypted, there is no iron-clad infrastructure in place yet. Extremely volatile as a single tweet from institutional buyers cause a flux in its pricing.
3. How to purchase? Sold via trusted e-wallets and prestigious financial institutions. Through numerous start-ups and fintech apps.
4. Which is better? Trusted for years; a secure investment option; unaffected by economic turmoil. Less stable than newer cryptocurrencies; not enough research; not 100% secure.

At this point, digital gold is deduced to be a much safer option than Bitcoin. What is your opinion? Share details in comments below!

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