Better Buy: Bitcoin or Gold?
Crypto investors have long referred to Bitcoin as "digital gold." If that's the case, then Bitcoin (CRYPTO: BTC) -- just like gold -- should act as a hedge against the type of market volatility and economic uncertainty investors are currently experiencing.But consider what's happening right now. The price of gold just soared past $3,000 to hit a new all-time high and is now up 15% for the year. In contrast, Bitcoin has fallen nearly 20% from an all-time high of $109,000 in January.Gold appears to be on the way up, while Bitcoin -- at least for the current moment -- seems to be heading down. So, which is the better buy right now? The answer to that question may not be as obvious as you think.Continue reading
Crypto investors have long referred to Bitcoin as "digital gold." If that's the case, then Bitcoin (CRYPTO: BTC) -- just like gold -- should act as a hedge against the type of market volatility and economic uncertainty investors are currently experiencing.
But consider what's happening right now. The price of gold just soared past $3,000 to hit a new all-time high and is now up 15% for the year. In contrast, Bitcoin has fallen nearly 20% from an all-time high of $109,000 in January.
Gold appears to be on the way up, while Bitcoin -- at least for the current moment -- seems to be heading down. So, which is the better buy right now? The answer to that question may not be as obvious as you think.
