Bitcoin and gold, two assets that people invest in looking for security against inflation. If you’re investing in Bitcoin, you’ve probably heard of it as a digital gold. But the truth is that Bitcoin is well ahead of gold. How is it possible? Let’s take a look at how Bitcoin and gold are doing.
Почему это важно
Both Bitcoin and gold are seen as ways to diversify portfolios or hedge against inflation, and especially as a store of value. However, different performances over the past quarter have sparked a debate as to which of them should survive in these uncertain times. The truth is that when the pandemic hit full force last year, gold had zero interest, but Bitcoin recovered much faster from the slump.
То, что вы можете услышать
Some economists still vote for gold as a store of value, especially because of its history. The truth is that gold has held its record for thousands of years. At the same time, many others, who invest in Bitcoin, see a bigger future in the first cryptocurrency. One of the main reasons is the declining value of gold.
Что это может означать
Bitcoin broke the $60,000 mark for the first time since mid-March on Saturday.
This could mean further growth for Bitcoin and possibly reach a big milestone of $100,000. The ever-increasing outflow of investors into gold and the positive sentiment could thus cause a further rise in the price of the first cryptocurrency.
Что ты можешь сделать
Although the price of Bitcoin seems very high, it is still time to invest and start diversifying your portfolio. If you are not attracted to Bitcoin, you can try our PlatonCoin (PLTC), which will also offer you a wide range of uses. If you don’t know how to get started, you can take advantage of our Platon Trading Academy, which will take you through the trading world from the beginning.