A research note from Goldman Sachs published on Monday has painted a bull case for gold over the price of bitcoin. The bank’s research note comes at a time when the entirety of the crypto market is facing adversity and the price of bitcoin is down more than 70% from its all-time high price at current levels. According to Goldman Sachs, gold actually presents the opportunity that investors seem to be looking for in bitcoin.
Gold Is A Better Inflation Hedge
In the research note, Goldman Sachs says it expects gold to perform better than bitcoin in the long run given its already established use cases. For one, gold remains a hedge against inflation and dollar debasement, as well as being a better portfolio diversifier compared to bitcoin.
Additionally, Goldman Sachs explained that gold is not as affected by tighter liquidity as BTC. Since there is more demand for gold, it tends to do better in situations such as these whereas digital assets such as bitcoin tend to succumb to such liquidi
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