CHRISTO DE WIT: Bitcoin or gold, or both?
For risk-averse investors, gold offers a stable way to guard against economic uncertainty, while bitcoin presents a higher-risk, higher-reward opportunity
21 November 2024 - 05:00
In the wake of Donald Trump’s re-election, the crypto market has surged to unprecedented levels, with bitcoin surpassing its record high. The asset reached R1,693,693 on Luno last week. This rally has renewed interest in how cryptocurrencies, particularly bitcoin (sometimes called digital gold), compare to real gold, which has had an extended good run.
Gold has long been considered the ultimate store of value, especially during economic uncertainty. It has been a go-to hedge against inflation, currency devaluation and geopolitical turmoil. For hundreds of years, gold has preserved wealth during crises...
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