Crypto vs. Gold: As Recession Fears Loom, Which Is the Superior Hedge?
All eyes are now on gold as the ultimate safe-haven asset. The price of gold just hit $3,000 per ounce, an all-time record. That comes amid a correction in the equity markets, a substantial decline in the crypto market, and widespread concerns about what's going to happen next with U.S. economic policy.But don't forget about Bitcoin (CRYPTO: BTC), which has often been referred to as "digital gold." A growing number of top investors now consider Bitcoin to be superior to physical gold as a store of value, a hedge against inflation, and a safe haven amid economic uncertainty. But is it?To answer that question, it's important to understand the unique characteristics and features of Bitcoin. Most importantly, the total lifetime supply of Bitcoin is capped at 21 million coins, and nearly 20 million coins are already in existence. That imbues Bitcoin with tremendous scarcity. Almost all the Bitcoin that will ever exist already exists.Continue reading
All eyes are now on gold as the ultimate safe-haven asset. The price of gold just hit $3,000 per ounce, an all-time record. That comes amid a correction in the equity markets, a substantial decline in the crypto market, and widespread concerns about what's going to happen next with U.S. economic policy.
But don't forget about Bitcoin (CRYPTO: BTC), which has often been referred to as "digital gold." A growing number of top investors now consider Bitcoin to be superior to physical gold as a store of value, a hedge against inflation, and a safe haven amid economic uncertainty. But is it?
To answer that question, it's important to understand the unique characteristics and features of Bitcoin. Most importantly, the total lifetime supply of Bitcoin is capped at 21 million coins, and nearly 20 million coins are already in existence. That imbues Bitcoin with tremendous scarcity. Almost all the Bitcoin that will ever exist already exists.
