According to Jake Klein – the executive chairman and CEO of the gold mining firm Evolution Mining – bitcoin’s volatile nature would make gold a preferable investment instrument once again. He argued that the primary cryptocurrency falls behind the precious metal in terms of “longevity and security.”
The Question of Our Times – BTC or Gold?
In a recent interview for CNBC, the chief executive officer at Evolution Mining – Jake Klein – shared his views on the correlation between virtual currencies and gold. He opined that many crypto investors would eventually change their strategies because of the price volatility of the digital assets, bitcoin in particular. With that said, they would return to gold:
“I think that the volatility in the crypto space is going to ultimately lead to people coming back to gold.”
Jake Klein, Source: TheAustralian.com
It is worth noting that the volatility in the cryptocurrency market is not something new. For example, since the beginning o
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