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Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Friday, June 23, 2023

Bitcoin As A Safe Haven Investment Alternative To Gold

 


Since Bitcoin was introduced in 2013 and started rising in price in 2015, gold's price first fell a lot and then did not recover or rise excessively.

That is odd, since interest rates are rising OK, but 10 trillion USD + have been created/printed/added to the economy by central banks, there is a supra-regional military conflict and high inflation on top of all that, which is a confluence of factors that usually, almost always historically leads to a higher gold price or pressure for the price of gold to rise.

Apparently, Bitcoin and cryptocurrencies are working as an investment and safe haven alternative to gold

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