Hi, crypto fans
Just a little over a week ago, Stanley Druckenmiller, an American billionaire, spoke on CNBC about his views on Bitcoin:
that it could be an asset class that has a lot of attraction as a store of value to both millennials and the new West Coast money.
In recent years, investing in Bitcoin has been seen as a possible way to diversify ones investment portfolio.
As a result of COVID-19 and whats happened to the stock markets, an intriguing question has been brought up:
is investing in Bitcoin as good as investing as gold?
Read our blog post here:
Is Bitcoin the gold of crypto investment?Bitcoin vs Gold, what is a better investment in your opinion?
Thanks,
Karl
Bitcasino.ioSome companies are already switching from gold to Bitcoin, and I think it's pretty accurate to say that gold is a dead asset. I believe gold is still good if the primary objective is to save what one already has. But if the goal is to make profit, then Bitcoin is a better investment. It's more risky, but also way more rewarding. That being said, I read just yesterday about some investment company that moved from gold to BTC, and the news was on the day Bitcoin cost $19k. I think buying when the price is so high it's not wise to start investing. It's better to wait and see where this is going because Bitcoin might go down to $15k or $10k in the near future. If the objective is to invest long-term (waiting for 5 years for profit, for instance), then it's fine to buy now, but if we're talking about some result in months or one year, it's too risky right now.