Deutsche Bank: Investors Increasingly Choose Bitcoin Over Gold to Hedge Dolla...
Deutsche Bank’s strategist Jim Reid reportedly wrote that investors are increasingly demanding to use bitcoin instead of gold to hedge dollar risk and inflation. His research concurs with one recently published by JPMorgan’s analysts that shows institutional investors moving from gold to bitcoin. Investors Replacing Gold With Bitcoin In a report discussing the performances of several investments post-vaccine news, Deutsche Bank’s research strategist Jim Reid wrote that “One of the oddities has been the dramatic divergence between gold (-3.6%) and silver (-4.4%) on....
Related News
The Deutsche Bank analyst's comments are another sign of bitcoin's increasing acceptance in the mainstream of finance.
Dalio sees gold as a hedge against inflation but also has a bit of BTC in his portfolio. Hedge fund manager Ray Dalio says he’s still bullish on Bitcoin but has a greater penchant for gold.Speaking to CNBC on August 4, the billionaire investor admitted to owning a “very small amount” of Bitcoin but said that he would choose gold if he had to make the choice between the two.“If you put a gun to my head, and you said, ‘I can only have one. I would choose gold.”But he added that he sees Bitcoin as digital gold and that i remains an important way to diversify. “There are certain assets that....
PLUS: Deutsche Bank analysts reportedly said customers increasingly prefer bitcoin over gold.
Mass adoption of bitcoin is just a matter of time, and as the world faces that fact traditional financial institutions are warming up to the digital coin. Deutsche Bank analyst Marion Laboure has stated once more that Bitcoin could become “the 21st century digital gold,” but does not it as a reliable store of value […]
Gold disappointed investors in 2021 as a traditional hedge against inflation, seeing its worst year since 2015. Bitcoin (BTC), the world’s most-valued cryptocurrency, has replaced gold as an inflation hedge for young investors, according to Wharton’s finance professor.Gold’s performance was “disappointing” in 2021, Wharton School finance professor Jeremy Siegel said in a CNBC Squawk Box interview on Friday.On the other hand, BTC has been increasingly emerging as an inflation hedge among younger investors, Siegel argued:“Let’s face the fact, I think Bitcoin as an inflation hedge in the....