Altszn.com
No Result
View All Result
  • Home
  • Crypto
    • News
    • Currencies
    • Exchanges
  • DeFi
    • News
    • Tokens
  • Stocks
    • Pink Sheets
    • Psychedelic Stocks
  • Resources
    • Buy/Sell Crypto Instantly
  • Blog
  • Merch
  • Home
  • Crypto
    • News
    • Currencies
    • Exchanges
  • DeFi
    • News
    • Tokens
  • Stocks
    • Pink Sheets
    • Psychedelic Stocks
  • Resources
    • Buy/Sell Crypto Instantly
  • Blog
  • Merch
Altszn.com
No Result
View All Result

Bitcoin vs. Gold: 10 experts told us which asset they’d rather hold for the next 10

Bitcoin vs. Gold: 10 experts told us which asset they’d rather hold for the next 10


bitcoin vs gold 3
Bitcoin vs. Gold

Tomohiro Ohsumi/David Gray/Getty Images

Related articles

Bitcoin On Bullish Momentum: 1.34% Up In The Last 6 Hours

Silver Futures Bearish By 1% In The Last 24 Hours

April 11, 2021
DAQO New Energy Stock Over 3% Down Today

Silver Future Bearish By 1% In The Last 24 Hours

April 10, 2021

As bitcoin continues its meteoric rise, breaching new records and crossing the $1 trillion market capitalization mark in just the last week, more investors are assessing the longstanding comparison between the famous cryptocurrency and an equally well-known asset class: gold. 

Both assets, experts say, are often seen as ways to diversify a portfolio or as a hedge against fiat currency inflation brought about by what some observers see as unsustainable fiscal and monetary policies.

Yet, until recently, it was rare to see Wall Street analysts, chief executives, or established investors seriously compare the two assets. Bitcoin, commonly referred to as digital gold, has historically been seen as a risky speculative investment for those looking to profit in the short term. Gold, meanwhile, has always been considered a safe-haven asset.

Now, bitcoin’s rapid ascent to over $57,000 per coin, backed by new investments from Tesla and other institutional names, has led some to question whether old assumptions about these assets are correct.

Given digital currencies’ dizzying climb, Insider surveyed 10 experts to see if they’d rather hold bitcoin or gold for the next 10 years, and why. We asked bitcoin bulls, gold lovers, analysts, executives, and more.

Read more: JPMorgan says buy these 40 stocks set to soar as bond yields make a surprising jump higher

Here’s what they had to say:

Holding Gold

  1. “My vote would be for gold because it has thousands of years of a historical record as a store of value, has one-fifth the volatility of bitcoin, and doesn’t face the same competition risk. The day that Queen Elizabeth trades in the five pounds of gold in her crown for crypto is the day I’ll shift course.” – David Rosenberg of Rosenberg Research, former Chief Economist and Strategist for Merrill Lynch Canada and Merrill Lynch in New York
  2. “Gold and silver have been stores of value and mediums of exchange for at least 4 millennia in every civilization in every corner of the world. It has unmatched accessibility to people of all economic standing and technological knowledge. And gold is the ultimate currency of central banks, silver of the people. There is room for cryptocurrencies too since their digital nature is a fundamental difference from gold and silver. But that characteristic also ensures that cryptocurrencies will never replace gold and silver and will ultimately improve the metal’s value.” – Phil Baker, President and CEO, Hecla Mining Company 
  3.  “Gold has long been considered to be the safe-haven asset of choice, and, while bitcoin is ‘the new kid on the block,’ it’s debatable that it will eat into gold’s market share for a number of reasons. Bitcoin and gold both have significant advantages over fiat currencies because neither can be diluted or debased. There is a possibility that bitcoin could one day cease to exist through hostile legislation. Some bitcoin derivatives have already…



Read More:Bitcoin vs. Gold: 10 experts told us which asset they’d rather hold for the next 10

Tags: AssetBitcoinexpertsgoldHoldSilvertheydtold
Share76Tweet48ShareShare
Bitcoin On Bullish Momentum: 1.34% Up In The Last 6 Hours

Silver Futures Bearish By 1% In The Last 24 Hours

April 11, 2021

Silver is currently on bearish momentum. At 07:05 EST on Sunday, 11 April, Silver is at $25.33 and 1.02%...

DAQO New Energy Stock Over 3% Down Today

Silver Future Bearish By 1% In The Last 24 Hours

April 10, 2021

Silver is currently on bearish momentum. At 17:05 EST on Friday, 9 April, Silver is at $25.30 and 1.11%...

Wp Apub Negative 2.jpg

Silver Future Over 1% Down In The Last 24 Hours

April 10, 2021

Silver is currently on bearish momentum. At 14:07 EST on Friday, 9 April, Silver is at $25.31 and 1.09%...

Silver futures decline on low demand

Silver futures decline on low demand

April 9, 2021

NEW DELHI: Silver futures on Friday dropped Rs 552 to Rs 66,949 per kg as participants reduced their bets...

Updated, Airy Silver Spring Brick Colonial Hits Market At $750K

Updated, Airy Silver Spring Brick Colonial Hits Market At $750K

April 9, 2021

SILVER SPRING, MD — If the combination of a classic brick Colonial with updates that bring a living space...

Load More
3 Reasons Stay-at-Home Stocks Are Surging Again |

3 Reasons Stay-at-Home Stocks Are Surging Again |

April 12, 2021

Topps baseball card maker and MLB will issue official NFTs

April 12, 2021
Binance Coin reaches 37% of Ethereum’s market cap: 3 reasons why BNB is soaring

Binance Coin reaches 37% of Ethereum’s market cap: 3 reasons why BNB is soaring

April 12, 2021
Binance launches tradable stock tokens in Tesla

Binance launches tradable stock tokens in Tesla

April 12, 2021

Major Thai bank experimenting with decentralized finance

April 12, 2021
Blockchain provides major boost to speed of China-Europe rail trade

Blockchain provides major boost to speed of China-Europe rail trade

April 12, 2021
The Solana ($SOL) DeFi Token Surges By Over 50% in April 2021 Alone as New Projects

The Solana ($SOL) DeFi Token Surges By Over 50% in April 2021 Alone as New Projects

April 12, 2021

What Crypto Asset Class At $2 Trillion Says About The Market

April 12, 2021

Altszn provides the latest news, resources, insights and analysis on cryptocurrency and other alternative markets.

Useful Links

Advertise
DMCA
Contact Us
Privacy Policy
Shipping & Returns
Terms of Use

Newsletter

Newsletters suck. Ours don't. Win free merch and get our top stock and crypto picks weekly. Subscribe below!

© 2021 Altszn.com. All Rights Reserved.

No Result
View All Result
  • Home
  • Crypto
    • News
    • Currencies
    • Exchanges
  • DeFi
    • News
    • Tokens
  • Stocks
    • Pink Sheets
    • Psychedelic Stocks
  • Resources
    • Buy/Sell Crypto Instantly
  • Blog
  • Merch

© 2021 Altszn.com. All Rights Reserved.

  • bitcoinBitcoin(BTC)$60,424.00
    BITCOIN
    24H : 0.722%
    Volume : $54,177,306,057.00
    Marketcap : $1,128,762,581,890.00
  • ethereumEthereum(ETH)$2,154.89
    ETHEREUM
    24H : 0.562%
    Volume : $28,194,915,578.00
    Marketcap : $248,667,031,071.00
  • bitcoin-cashBitcoin Cash(BCH)$680.03
    BITCOIN CASH
    24H : -0.63%
    Volume : $5,472,547,710.00
    Marketcap : $12,720,802,920.00
  • tetherTether(USDT)$1.000
    TETHER
    24H : 0.110%
    Volume : $120,729,288,225.00
    Marketcap : $44,607,151,828.00
  • stellarStellar(XLM)$0.593
    STELLAR
    24H : -1.01%
    Volume : $3,476,659,471.00
    Marketcap : $13,515,923,507.00
  • tronTRON(TRX)$0.130
    TRON
    24H : 8.43%
    Volume : $6,220,725,336.00
    Marketcap : $9,311,123,882.00
  • cardanoCardano(ADA)$1.31
    CARDANO
    24H : 3.54%
    Volume : $5,289,954,501.00
    Marketcap : $41,931,670,553.00
  • moneroMonero(XMR)$341.89
    MONERO
    24H : 14.81%
    Volume : $1,056,983,554.00
    Marketcap : $6,107,069,604.00
  • usd-coinUSD Coin(USDC)$1.000
    USD COIN
    24H : -0.16%
    Volume : $1,495,423,186.00
    Marketcap : $11,131,297,434.00
  • bitcoin-goldBitcoin Gold(BTG)$109.93
    BITCOIN GOLD
    24H : -3.49%
    Volume : $90,001,590.00
    Marketcap : $1,925,389,533.00