1) Bitcoin is more convenient to store and transfer: it's digital. You can literally use your brain as a Bitcoin wallet.
2) The supply of gold is less predictable. For instance, just last month, China announced the discovery of the world's largest known gold deposit, estimated to be worth over $80 billion.
To be clear, $80 billion is not earth-shattering in the gold market. Lots of gold exists in the world but is too expensive to mine. I don't remember how expensive but I think it is at least half of the current price. The supply of gold grows at a very slow rate of at most 2% per year. It is getting harder to mine all the time. Demand and futures market manipulation matter far more to gold than its small supply. All the world's gold that was ever mined could fit in roughly two Olympic size swimming pools.
> 1) Bitcoin is more convenient to […] transfer: […].
As some phishing victims have learned to their peril. Of course BTC transfers are non-reversible / non-refundable, with no means of redress (unlike a bank transfer).
Precisely. Bitcoin operates as a bearer asset, much like physical gold or cash - once it's gone, it's gone. For those who need payment reversibility or dispute resolution, a payment layer built on top of Bitcoin is required. For example, a BTC-denominated bank account or credit card could theoretically provide these features, though I'm not sure if such options already exist.
I was referring to the fact that you can memorize your seed phrase. If the seed is not recorded anywhere, the Bitcoins can be thought of as being held only in the mind of the owner.
The supply of discovered gold and the supply of gold extracted from mines (and recovered from other sources) aren’t the same, and one is more predictable. Which one has a greater impact on the price….
2) The supply of gold is less predictable. For instance, just last month, China announced the discovery of the world's largest known gold deposit, estimated to be worth over $80 billion.