Traders Revisit the Age-Old “Bitcoin or Gold” Question

March 27, 2020 | By | Reply | 17 Readers More


The atmosphere surrounding cryptocurrencies such as bitcoin has gotten crazy following news of a $2 trillion stimulus package in the U.S. and the growing coronavirus pandemic. Many are revisiting the question of whether bitcoin qualifies as a “safe haven” asset and if it’s comparable to gold.

Is Gold Still Better Than BTC?

Matthew Dibb – the co-founder of Stack, which provides index funds and cryptocurrency trackers – commented on the overall situation:

The trade tensions, political turmoil and virus outbreak are some of the events that have led investors to look at uncorrelated assets, such as bitcoin, to hedge their portfolios. We saw a significant inflow into bitcoin, particularly at the end of last year and the start of this year. This has been further heightened by the anticipation of the bitcoin halving, which will take place in May.

While it may be true that…

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