Investors Favor Gold Over Bitcoin During Ukraine-Russia Crisis

Time Stamp: February 23, 2022 1:45 AM
Source Node: 1183454

Investors Favor Gold Over Bitcoin

  • The Russia-Ukraine war shines a spotlight on gold and casts a shadow over Bitcoin.
  • Investors favor Gold as a storage of value over Bitcoin.
  • Investors prefer to invest in stable and reliable commodities instead of cryptocurrencies such as Bitcoin.

The war between Russia and Ukraine has pushed investors to rely on commodities such as gold and oil as a storage of value until the situation in the latter clears up.

There is a lot of debate around whether or not cryptocurrencies such as Bitcoin or Litecoin can be used as decentralized digital forms of storage of value. Bitcoin, specifically, is regarded as the modern, digitized version of Gold, and is often referred to as Gold 2.0. However, can Bitcoin and cryptocurrencies, in general, be used to preserve the value of funds in times of crisis?

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  • Source: https://coinquora.com/investors-favor-gold-over-bitcoin-during-ukraine-russia-crisis/

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