Recently, the price of gold is at $1218, which is the lowest in almost 5-years. Meanwhile, Bitcoin is trading at around $7,390 (at the time of writing). Bitcoin’s security and its global nature are attracting investors as a hedging investment which is similar to gold and silver. Bitcoin is considered as “digital gold” as it does has some similar properties to gold. For instance, the quantity of both bitcoin and gold are limited. As instability on the stock market increases and geopolitical tensions rise, the price of Bitcoin and gold will rise.
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