cryptocurrency especially bitcoin and major coins have more value than gold, finance industry investors consider cryptocurrency was best place as their portofolio its proved day by day many investors put their money here.even giant finance institution have special allocation for it, be confidence we were on right place.
can be said like that the price of crypto is considerably higher than gold but in terms of clarity I don't think it can be confirmed for crypto, gold has the potential for stability and crypto can go up and down at any time So in my opinion, crypto and gold have their respective advantages
isn't gold price also have high volatile ?
Firstly, Gold is not highly volatility in nature cause it still maintains stable price than crypto but that probably maybe because it was supported by governments as asset and federal reserve but with the potential of crypto like BTC which I believe could maintain stable price if supported by government like Gold.
recently gold price increase alot caused many investors recognized gold as safest investment at this moment. but while commodity market have negative news its price will decline alot . in finance industry both gold or cryptocurrency have high risk the ddifference was gold used as money back up.
Investors recognized Gold as a safe haven because of the economic crisis and the banking system crisis that was foretold but that doesn't mean Gold is risk free investment which is the reason it makes a slightly dump in price.