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Is Bitcoin the new shining gold?
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economictimes.indiatimes.comBitcoin, on the other hand, has witnessed a meteoric rise, breaching new records and scaling all-time highs. More investors and crypto enthusiasts are now comparing the two to assess the value they bring. Historically, gold has been considered a safe-haven asset. During a financial crisis or recession, the yellow metal has been often used as a hedge against stock market volatility. Bitcoin, meanwhile, has been dubbed “digital gold” in the past and it’s a fair comparison with gold as they share similar characteristics. Bitcoin and gold both have significant advantages over fiat currencies because neither can be diluted or debased and both are often seen as ways to diversify a portfolio.
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