Post
Topic
Board Economics
Re: Bitcoin vs. Gold: which has been more of a safe-haven asset in 2020?
by
ssamotoev
on 08/06/2020, 17:08:01 UTC
It all comes down to stability when you have to consider a real safe haven. Yes, over a cherry picked period ...Bitcoin might have looked like a better safe-haven, but on average the Gold price was more stable. The extreme volatility with Bitcoin scare investors off when they have to decide what investment option is the best for them.
If you want to use Bitcoin as a safe-haven, then you might be in for the long haul... because you have to get in at a low price and then ignore the volatility, until you want to sell at a higher price in the future.  Wink
Have to agree with this one.
Gold shows overall long term stability, Bitcoin on the other side was literally the most profitable asset in this century or something like that