How many days have we found out that the price of bitcoin has continued to rise and had touched the highest price record since bitcoin was discovered. There are several other cryptos that follow bitcoin with an upward graph, but there are also cryptos whose prices have actually decreased. Several cryptocurrencies that have decreased there are various reasons, one of which is because cryptocurrencies are unable to compete with bitcoin so that the price of this cryptocurrency drops.
In addition to rising bitcoin prices, it turns out that other commodities, for example, gold, have also increased in the last few days. I think that people who have a lot of bitcoins will get a lot of profit so that the profits they have been invested in buying gold. When the demand for gold becomes a lot, it affects the price of gold which also goes up. But this opinion is only based on logic so there is no actual data.
But if you have to make a choice between gold and bitcoin, then everyone will have different choices. Maybe there are those who choose bitcoin for certain reasons, and there are also those who choose gold for various reasons as well. I myself, if it is given free of charge, will choose both gold and bitcoin. If there are those who refuse, of course, they also have reasons for their choice.
In 2020, DeFi appeared built on Ethereum and pushed the ETH price up from around the US $ 100 in March to around the US $ 470 in August which also contributed to the increase or decrease in crypto prices. The more crypto or tokens that appear, there will be more competition, as a layman, I can freely choose according to considerations, of course, everyone will be different.
The following is a graph of the price of gold which also rose.
