At the Digital Assets Forum in London, a Bitwise executive advocated for including both Gold and Bitcoin in portfolios, citing gold’s ability to cushion market falls and Bitcoin’s potential for upside during rebounds. Bitcoin recently fell to almost $60,000, challenging the belief in its four-year cycles. Gold has surged 46% while Bitcoin is down 40% in the last six months. Users on the prediction market Myriad give a 67% chance of Bitcoin costing 10 oz of gold after its next move. Analysts debate whether Bitcoin’s halvings still dictate its cycles, with supply constraints blunted by ETF flows. Tether plans to continue adding to its $24 billion gold stash in a former nuclear bunker. Bitcoin is evolving into a macro asset, with sovereign states now investing in it. Despite recent challenges, experts emphasize the importance of Bitcoin becoming a global peer-to-peer cash system. Investors are cautioned against trying to time the market or make quick profits with Bitcoin.

Read more at Yahoo Finance: ‘Bitcoin is Offensive, Gold is Defensive’: Bitwise