Whether bitcoin can continue to gain popularity as an alternative safe haven asset will depend on how well it is received in the mainstream markets and far things appear to be heading in that. This contrast lends support to the idea that some investors such as family offices that previously invested in gold etfs may be looking at bitcoin as an alternative to gold.
I think that bitcoin and some other digital currencies have over the last ten years established themselves as interesting gold like asset alternatives he said with similarities and differences to gold and other limited supply mobile unlike real estate storeholds of wealth.
Bitcoin alternative zu gold. New delhi jan 10 ians bitcoin represents a legitimate alternative to gold for risk averse capital looking for a store of value according to christopher wood of jefferies. There is no middle ground. Smart diversification bridgewater associates ceo ray dalio has seemingly softened his stance on bitcoin recognizing it as an alternative to gold during his latest ama ask me anything session on reddit.
He claims that it can serve as a mobile storehold of wealth with limited supply. Institutional investors may be eyeing bitcoin as an alternative to gold as grayscale s bitcoin trust gbtc saw cumulative inflows through october while gold exchange traded funds etfs saw most outflows since mid october. Bridgewater founder ray dalio sees bitcoin as an alternative to gold by reynaldo december 9 2020 ray dalio evaluates bitcoin s performance and determines that its characteristics make it a potential store of value.
Dalio states that he prefers to keep his wealth in assets that can be held by central banks. In his note to. In his note to investors which runs under the title greed and fear wood said bitcoin was up 305 per cent for the whole of 2020.
New delhi jan 10. Buy a little bitcoin. Bitcoin represents a legitimate alternative to gold for risk averse capital looking for a store of value according to christopher wood of jefferies.
If bitcoin achieves a large enough scale and a wide enough acceptance to become a viable alternative to gold silver or national currencies as a value store the.