Bitwise CIO Compares Bitcoin and Gold as Currency Hedges
Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...
Investors weigh Bitcoin and gold as potential hedges against economic uncertainty amid recent monetary policy shifts from the Federal Reserve and China’s economic stimulus measures.
According to a blog by Bitwise Asset Management, both assets have their advantages, with Bitcoin offering higher potential returns and gold providing greater stability. The decision ultimately depends on the investor’s risk tolerance and objectives.
Bitwise Chief Investment Officer Matthew Hougan emphasized that Bitcoin and gold are attractive hedges because they operate independently of government control.
“Jerome Powell can print all the dollars he wants, but he can’t create more gold or change Bitcoin’s supply cap of 21 million,” he stated.
Bitwise Chief Investment Officer says "the most powerful people in finance are allocating to crypto."#cryptocurrency is the new Gold
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