The Head of Europe at Bitwise stated that gold provides protection for investments during market volatility, while Bitcoin enhances portfolio value during market recovery. According to him, gold is a safe-haven asset that helps maintain value during financial crises, whereas Bitcoin is a dynamic asset suited for risk-tolerant investors seeking to capitalize on positive market trends. Bitwise, a prominent investment firm specializing in digital assets, particularly Bitcoin and other cryptocurrencies, has observed that Bitcoin’s significant price fluctuations make it an aggressive investment despite its notable gains in recent years. Conversely, gold has historically served as financial protection for centuries, with demand increasing during times of economic instability. When stock markets decline, investors traditionally turn to gold to safeguard their wealth. Bitwise advises investors to include both assets in their portfolios to better navigate varying market conditions. Gold offers protection during bearish markets, while Bitcoin boosts profits during market upswings. Given the expected continued volatility in the cryptocurrency market, investors are urged to exercise caution and diversify their investments to mitigate potential risks.
Source: decrypt
