- Over the last year, gold is up over 30 per cent, bitcoin is up over US$58K
- Gold is viewed as the “de facto” hedge or safe haven
- Bitcoin may offer a more volatile but potentially higher-risk alternative
- Check out the video for the experts response to, “How can someone invest C$1K – $2K?
Gold and bitcoin are both on upward trajectories this year. Gold has increased over 30 per cent in the last year and bitcoin has surged over US$58K.
To break down the gold and bitcoin battle, Bitcoin expert, Shone Anstey, CEO of LQWD Technologies and gold expert, Robert Levy, Managing Director of Border Gold discuss the rising commodities.
Anstey points out that he looks at bitcoin, “As the continuation of the revolution of the internet.” Along with being the future of global finance, he adds that as AI continues to grow, bitcoin is tethered to that growth.
In addition, Anstey makes the case for bitcoin in that it is divisible, portable, transcends government and borders and that, “We need a global ledger that acts as a source of truth.”
Bitcoin advocate, Anstey also makes a case for precious metals, displaying his silver bar on his desk.
“Gold and silver have been around since the time of Jesus. Judas was paid in silver, not bitcoin.”
Shone Anstey, CEO LQWD Technologies
On the gold side, Levy sites the similarities between gold and bitcoin as asset classes in todays geopolitical environment. He points out the recent tariff annoucement from President-elect Trump on countries like Canada, Mexico, and China, which is contributing to a sense of global decoupling. In this environment, people are seeking alternatives to the US dollar.
“Gold is the de facto hedge to the US dollar plays that that alternative to the world’s reserve currency and that safety that you want to hold in times of economic uncertainty.”
Robert Levy, Managing Director, Border Gold
Both experts concur that gold and bitcoin serve as hedges against the US dollar, with gold being seen as the traditional, safe-haven asset during times of economic instability.
On the other hand, bitcoin may play a role in a portfolio as a more speculative investment, carrying more risk but potentially offering higher rewards. The key difference is that gold is viewed as the “de facto” hedge or safe haven, while bitcoin may offer a more volatile but potentially higher-risk alternative.
To find out Levy’s and Anstey’s response to what should someone do with C$1K – $2K to invest, check out the video.
As well, check out three TSX gold companies that are up on the year, how to buy physical gold, as well as bitcoin basics with Natalie Brunell.
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