Gold and Bitcoin are both seen as stores of wealth, but recent price moves show divergence. Investors flock to gold as a hedge against market crashes, despite its volatility. Gold is a physical asset that retains value, unlike Bitcoin, which relies on perceived value. The long-term stability of Bitcoin as a store of wealth is still unproven.
Investors should consider the historical use of gold as a diversification tool and store of wealth. While Bitcoin is viewed similarly, it lacks the long-term track record of gold. Only the most aggressive investors should allocate a significant portion of their assets to either gold or Bitcoin due to their speculative nature.
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Read more at Yahoo Finance: Gold Soars While Bitcoin Slips Below $90,000. Should Fans of the Leading Crypto Be Worried?
