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Gold is the ultimate precious metal that has been part of our economy for centuries and is considered “real” money to many. It was an excellent alternative for hedging against inflation, and it was even backing the US dollar for a long time until banks realized it was not favorable anymore. The only thing backing fiat currency today is the government, but is that sustainable for our economy? Are cryptocurrencies the answer to inflation? Let’s find out.
Wondering whether to invest in gold vs. doing so in Bitcoin has long been a well-known debate. While the former yellow precious metal has a far greater tenure as a highly secure asset investment, the latter came about back in 2009 and has a very volatile trading history. However, the returns that Bitcoin witnessed in just the past ten years have changed the perception of what can actually be thought of as an asset.
