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Gold or bitcoin? Two assets can co-exist as gold retakes its safe-haven status
The financial market has enough demand to sustain both gold and bitcoin as safe-haven assets, according to Digix co-founder and COO Shaun Djie. "Gold and bitcoin will outperform a lot of asset classes this year," Djie told Kitco News, noting surging demand for inflation-hedge assets amid massive money printing and currency debasement fears. And even though the gold space has been quiet this past few months, especially when compared to bitcoin, Djie sees the precious metal climbing back up to $2,000 an ounce by the end of the year. "I won't be surprised to see bitcoin trading at $100,00 by the end of the year. For ... (full story)
