A 1% increase in gold isn’t exactly a strong sign that investors are heavily putting their money into it, maybe just a small shift. As for crypto or Bitcoin dropping during this ongoing conflict, that’s understandable. In my opinion, investors still tend to choose gold over crypto for now.
But at least we have Bitcoin, which could serve as a hedge against inflation in the long run. If the situation gets worse, hopefully not, we might eventually see money start flowing into Bitcoin. One day, we might just wake up to a sudden 10% pump or more, which is pretty normal in the crypto market.
Meanwhile, gold moves 1% and experts already treat it like a major event.
If you are a real investor who isn’t scared of putting high risk, you won’t settle for gold investment as the profit increase is only slight. Instead, you’ll stick to bitcoin, where despite of its high volatility, the chances for you to gain massive profits is still possible, and when that happens, that’s the time that you might consider investing in gold as well just to diversify your investment.
Bitcoin alone is highly profits, but if you want to secure some profits, you can also invest in gold as well.