Bitcoin vs. Gold: How Gold Is Becoming the King of Investments Again
As you know, Bitcoin has recently fallen below $60,000, causing concern among investors. At the same time, gold has been steadily growing and even reached an all-time high of $2,589, according to the data of Trading Economics.
Why is this happening? It's because of the uncertainty surrounding a possible cut in interest rates by the US Federal Reserve. At such times, investors often turn to more stable assets, such as gold.
Maryuf Yusupov, co-founder of gold-backed stablecoin Deenar, notes: "Gold's limited volatility makes it an attractive alternative for hedging risks in times of uncertainty."
Of course, it's too early to talk about a mass shift of investors from cryptocurrencies to gold. But current market data seems to confirm this trend.
#cryptocurrencies #gold #investments #bitcoin
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