Gold and Bitcoin, a.k.a. digital gold, are reaching an all-time high, leaving investors ambiguous as to which to invest because usually gold is seen as a safe investment and bitcoin is very volatile, and they both run in different directions. But both of them reaching an all-time high has confused investors as to which to invest to maximize their profit.
Rise Of Bitcoin
Bitcoin has jumped a whopping 50% after being in the shadows last year. This jump was led by money flowing into US investment funds that hold Bitcoin directly.
The rise in gold prices is taken as an indicator that investors are trying to be cautious and do not want to play around or experiment with their money too much. Investors who think they might face a setback in the stock market invest in gold to keep it safe.
Experts believe that short-term traders are entering Bitcoin and gold both to jump in on the momentum of the price going up.
Right now, it seems like investors can benefit from both bitcoin and gold, as there’s a high chance that the central bank will keep the interest rate low. People can expect US federal reserves to cut interest rates in June.
Bitcoin reached an all-time high of ₹5,358,506.32, and gold reached an all-time high of ₹6,486 per gram.
Some analysts believe that both of them reaching an all-time high is an indicator that investors are ready to take risks, and something similar can be seen in some parts of the stock market where investors are jumping in on the momentum without knowledge of it.
Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of TheStockMarketLive. We advise investors to check with certified experts before making any investment decisions.TheStockMarketLive. We advise investors to check with certified experts before making any investment decisions.
