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Given that the next generation of investors will come of age having been immersed in the digital world from infancy, many Crypto advocates believe that bitcoin or another cryptocurrency asset could one day function as “digital gold,” providing people with an easy-to-access hedge against market uncertainty and central banking malfeasance.
Gold Sees Resurgence as Crypto, Stocks Falter
But though bitcoin — this year’s crash notwithstanding — ranks as one of the top performing assets of the past several years, it remains firmly in the price discovery phase and consequently serves primarily as a speculative financial instrument rather than a true store of value.
Bitcoin (blue) has provided long-term hodlers with astronomical returns over the past half-decade, but it has also been wildly volatile relative to gold (red), as demonstrated by its performance in 2018.
Today’s investors, much like their ancestors, still turn to gold and other precious metals when faced with economic uncertainty. Google search data reveals that this remains the case, even as a growing cohort of investors signal that bitcoin is their asset of choice for long-term hodling.
Both Google searches for “gold” and the gold price itself have increased throughout the fourth quarter amid mounting concern over the near-term direction of the stock market following a prolonged bull run that may be finally running out of steam. Stocks made a historic recovery on Wednesday, but futures slipped after the market close, suggesting that investors haven’t seen the last of the downturn yet.
https://play.google.com/store/apps/details?id=com.freecryptosignals.app
Join- https://t.me/btctradingclub
Join- https://t.me/freebitmexsignals
Given that the next generation of investors will come of age having been immersed in the digital world from infancy, many Crypto advocates believe that bitcoin or another cryptocurrency asset could one day function as “digital gold,” providing people with an easy-to-access hedge against market uncertainty and central banking malfeasance.
Gold Sees Resurgence as Crypto, Stocks Falter
But though bitcoin — this year’s crash notwithstanding — ranks as one of the top performing assets of the past several years, it remains firmly in the price discovery phase and consequently serves primarily as a speculative financial instrument rather than a true store of value.
Bitcoin (blue) has provided long-term hodlers with astronomical returns over the past half-decade, but it has also been wildly volatile relative to gold (red), as demonstrated by its performance in 2018.
Today’s investors, much like their ancestors, still turn to gold and other precious metals when faced with economic uncertainty. Google search data reveals that this remains the case, even as a growing cohort of investors signal that bitcoin is their asset of choice for long-term hodling.
Both Google searches for “gold” and the gold price itself have increased throughout the fourth quarter amid mounting concern over the near-term direction of the stock market following a prolonged bull run that may be finally running out of steam. Stocks made a historic recovery on Wednesday, but futures slipped after the market close, suggesting that investors haven’t seen the last of the downturn yet.
