Bitcoin is providing better protection from inflation than gold, a Wharton finance professor said.
Jeremy Siegel added that Bitcoin has replaced gold in the minds of younger investors.
The peer-to-peer money outperformed gold by a large margin last year, rising by almost 60% while the metal lost 5% of its value.
In a research note last week, Goldman Sachs stated that Bitcoin could probably be the new gold. And if that was not shocking enough, tt went on to predict that bitcoin has the potential to cross the US$100,000 mark in coming years. That, by the way, is about 2.5x the current price of a Bitcoin.
Is bitcoin really better than gold
Bitcoin users think its technological decentralization is worth something, so it usually is. It really is that simple and is undoubtedly a better hedge than gold. the gold was great
Is Bitcoin Gold worth it
Some analysts are not hoping for any particular upside potential, bitcoin has fallen over 30% from its all-time high of around $69,000. Sign up for our daily 10 Before Ideas the Opening Bell newsletter here. About 5.7 thousand bitcoins in circulation are now worth much less than they are now.
How will bitcoin impact the price of gold
Transition to global investment. Many investors then add cryptocurrencies, especially bitcoin, to their unique portfolios.
Separates our every transaction from dollars. Cryptocurrencies do not require a connection to the US.
Eliminates the need for my intermediaries.
Encourages more overseas transactions. high
reduces dependence on fiat currency.
What is the best source of bitcoin news
“At best, you are not one of them, but an expert. The British-themed Bitcoin WIRED cryptocurrency will be released exactly tomorrow. It is a particularly important source of information and concepts that give meaning to the ever-changing human race. .
Is Bitcoin becoming the new gold
According to a leading investment savings account, the price of bitcoin could easily skyrocket to $100,000 within five decades if enough investors use one server as their currency and load storage.
Why is Bitcoin the new gold
Bitcoin is no doubt often referred to by its proponents as “digital versus gold”. The term refers to the idea that bitcoin could easily offer a store of value just like gold — a store of value that would not correlate with other financial markets like penny stocks.
Which is better gold or Bitcoin
Both bitcoin and the yellow metal are relatively easy to buy and then throw away, especially since there are usually ready-made markets for both.
Is Bitcoin as valuable as gold
The value of one bitcoin, the main common cryptocurrencies, has exceeded the value of an ounce of gold.