While gold maintains its stability as a financial safe haven, Bitcoin continues to gain prominence with its decentralization and limited supply. An analysis reveals the main differences for investors
For centuries, gold has been a symbol of wealth and stability. Its role as a store of value has been consolidated throughout history, making it the refuge par excellence in times of crisis. However, the arrival of cryptocurrencies, particularly Bitcoin, has opened a debate on whether this digital asset could displace the precious metal as the preferred choice of investors.
According to Exness, one of the world's largest retail brokers, both gold and Bitcoin possess qualities that make them attractive as a hedge against economic uncertainty.
"While gold is a physical, scarce and universally accepted asset, Bitcoin represents technological innovation, decentralization and ease of transfer without intermediaries," said Maria Agustina Patti, Financial Markets Strategist at Exness.
Gold, the ultimate store of value
Gold has been used as a medium of exchange and store of value since ancient times. Its strength lies in its stability and the trust it has inspired over time. Unlike fiat currencies, its value does not depend on government decisions or uncontrolled money printing.
During economic and financial crises, gold has proven to be a safe asset. According to information provided by Exness, during the 2008 financial crisis, when markets collapsed, the price of gold soared, demonstrating its role as a safe haven. Something similar happened in 2020, during the COVID-19 pandemic, when gold reached its all-time high of approximately USD 2,070 per ounce.