Bitcoin and gold reach record highs as investors hedge against weakening fiat currencies. Traditional gold bulls are taking notice of bitcoin’s role as “digital gold.” Bitcoin hovers near $124,000, up 31% year to date. Investors are advised to diversify portfolios with gold, digital assets, real estate, and commodities. Gold hits a record high above $4,060 per ounce, on track for its best return in over four decades. Gold futures have risen in nine of the past 10 sessions, with year-to-date gains of nearly 55%. Flight to safe-haven assets drives gold up over 50% this year.

Read more at Yahoo Finance: Why the bitcoin trade ‘is too large to ignore’