Cryptocurrency vs Gold

Gold is traditionally regarded as a safe asset in which funds move during issues in the stock and stock markets. This is demonstrated by the example of January 2016, when the Shanghai Composite index collapsed on another stock index that collapsed. Direct investors reacted to the decline and shifted their funds to gold, within two months the price of gold rose from 1090 to 1260 US dollars. The same situation occurred ahead of the referendum in the United Kingdom; stock prices began to grow from 1310 to 1450 US dollars in June. 2017 is rich in fundamental factors. So, as soon as the last show of the year, elections in the US, going on, the year-end quotes have dropped almost to the level of January 2017.

5 arguments for gold investment:

1. trust in gold. Gold in the minds of investors is undoubtedly regarded as a secure financial instrument. This image was formed in previous centuries when gold was the equivalent currency and its safe means of supplying. Gold will be considered a safe asset for a long time;

2. natural resource scarcity. Limited gold reserves, constant industrial demand for metals will retain their prices;

3. freedom to have. Material may be inherited or gifted to others;

4. liquidity. Gold in any form can be quickly converted into any currency;

5. diversify risks. In 2008-2010, when there was stagnation in the stock market, stocks and commodities, gold increased more than 80%.

Cryptocurrency is a new digital gold

Quote Cryptocurrency behaves in the same way; In the run-up to the referendum in the UK, bitcoin has grown by more than 50%. After the spring of the growth analysis quote begins to talk seriously about the fact that crypto can be an investor for a "safe haven", which is now a precious metal. Optimistic investors believe that blockchain is the future and the cryptocurrency market is a new investment trend, which will replace the stock and commodity markets. In April, 1 Japan officially recognized bitcoin as a fiduciary currency and it was the starting point of a new investment instrument.

The popularity of cryptocurrency activates the fraudsters. Currently there are over 1000 cryptocurrencies (according to Coin Market Cap data) and some of them are hypes, which are updated almost every month

Gold has gradually lost its priority as an attractive investment asset. Blockchain technology is changing the world, creating new economies and starting a new era of investment. Cryptocurrency is the future, and people who will believe in innovation and internet technology today, tomorrow can already multiply its investment.