AABB - Gold vs. Bitcoin: Which Asset Is a Better Hedge Against Inflation?
Since its introduction to the global market, cryptocurrency (and in particular Bitcoin) has outperformed gold by far. Currently, the precious metal is down by roughly 4% while this digital coin has risen by about 133%. Some analysts believe that investors may be opting for this digital currency over the yellow metal as a hedge against increasing inflation. However, the chief gold strategist at State Street’s SPDR ETFs, George Milling-Stanley, disagrees with this.
In a recent interview with the ETF Edge on CNBC, the strategist stated that the digital currency and gold could co-exist without friction in the market as they played different roles...
NOTE TO INVESTORS: The latest news and updates relating to Asia Broadband Inc. (OTC: AABB) are available in the company’s newsroom at http://ibn.fm/AABB
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