Most people know about bitcoins nowadays, especially when it surpasses its price surpasses gold recently. In case you want a quick comparison between gold and bitcoin, here is a good graphical presentation:
https://www.jmbullion.com/bitcoin-vs-gold-infographic
I remember looking at getting some bitcoins in 2011 when it was still cheap. But I didn’t know much about it and as a general rule of investment, one should not invest in something where he doesn’t have sufficient knowledge. According to the following interview at USAWatchDog
Clif High predicts that bitcoin will rise to 3x more than gold. Whether that is true remains to be seen. My personal take on bitcoin is it would be a risky investment. If you have the extra money to lose it would not be a bad idea. However, I still hold this rule: “If you cannot touch it you don’t own it.” That applies to digital blockchain currency such as bitcoin.
Anything on the internet can be hacked, traced and controlled. Gold and silver is “God’s money”. Bitcoin, while it has great upside potential, is still virtual money. As an old fashion guy, I will stick with physical assets.
At the rate of global debt accumulation, the burst of financial bubbles will be gigantic with dire consequence. Of course, I don’t wish anyone to be harmed adversely during the process, but unfortunately many people will be hurt. Gold and silver will be one way to maintain your wealth.