BTC vs Gold

Is gold losing its shine? While the last 20 years have shown gold as an asset that has just grown in value over time, 2021 will be a completely different story. While gold is falling by 9%, other classes like real estate and the dollar have increased. Surprisingly, the dollar’s value moves with precious metals. However, the greenback has increased by 3% this past year.

The usual course of action during a recession is to use gold as insurance against volatility in the stock market. A newer strategy is being considered to challenge this tried-and-true safe-haven strategy that has been proven effective in past instances. The introduction of Bitcoin in 2009 marked a new era of digital currencies. Many exchanges, such as CoinSwitch Kuber, simplify crypto. Bitcoin is gaining tremendous popularity among retail investors.

We’re comparing cryptocurrencies to gold, and gold is moving in a sideways direction. Over the past two years, cryptocurrencies have seen a huge resurgence.

By Alex Alena

Alex Alena has been the lead news writer at Cryptocurrency Updates. With a degree in communications, Matt has an uncanny ability to make the most complex subject matter easy to understand.