Re: Deutsche Bank: Investors Increasingly Choose Bitcoin Over Gold
It doesn't matter if we agree or disagree with the report. But it's pretty obvious by now, bitcoin, in the best asset during the pandemic and that is enough to say that wise investors are really looking into it specially that the price is hovering around $19k and close to it's all time high.
There could be some gold bugs who doesn't want to acknowledge bitcoin and think that it will be gone in 2020, but it is not. So many of them are thinking of not shifting, but at least have bitcoin in their portfolio now, win-win situation for them and for us.
I'm new to the forum, so hello to everyone.There could be some gold bugs who doesn't want to acknowledge bitcoin and think that it will be gone in 2020, but it is not. So many of them are thinking of not shifting, but at least have bitcoin in their portfolio now, win-win situation for them and for us.
I came into a little bit of money in 2018 and wasn't sure where to invest it. After a fair bit of research I decided in early 2019 to invest about two-thirds of it into crypto (mainly bitcoin) and the rest in gold/silver. Though gold/silver has increased in value by about 50ish% since then, I now regret not investing it all in crypto. I mean, I was first in at bitcoin for 3.6K US dollars, so maybe you'll understand my opinion given that it's now currently above 18.5K (a 500% profit).
I do still think that the precious metals are destined to be valued much higher than they are now, but not until AFTER the stock market collapses for the 2nd time (since March of this year) with interest rates staying close to zero or becoming negative, alongside continued QE. However, knowing what I know now, I would invest ALL money in crypto until towards the end of 2021 - unless the aforementioned happens. Indeed, I'm always contemplating whether to keep my gold/silver investments as a hedge against crypto disaster or sell and make more money.
As the football pundits on Match of the Day (England) say, these are nice problems for 'a manager' to have.
