Bitcoin – commonly referred to as “digital gold” – has proven itself a resilient asset during economic fluctuations and technological disruptions. But can it be relied upon as an inflation hedge on par with precious metals? Here’s why it may be an even better addition to a portfolio than gold. CoinFlip offers a secure and reliable platform for investors who wish to purchase Bitcoin with a credit card, debit card, or cash quickly.
When was the last time you bought groceries with a gold bar? Or pulled out Canadian Gold Maple Leaf coins to buy gas?
Investors have historically been drawn to precious metals when the threat of an equity market crash emerges, effectively diversifying their portfolios. However, we are experiencing something of a market disruption as virtual currency is proving to possess many of the same safe haven qualities as gold, while simultaneously being far easier to spend. While Bitcoin is still a young asset class, it is already demonstrating impressive endurance even in the face of remarkable market challenges. Here are some of the reasons why Bitcoin is a smart safe haven investment.
From an investment standpoint – particularly if you’re seeking stable long-term growth – Bitcoin does present a risk. It’s highly volatile, it doesn’t have the millennia-long history that gold has, and it doesn’t have the government backing that billions of people tend to trust. Nevertheless, it is proving to be a trusted asset class that acts as a reliable currency, which makes an excellent addition to any investment portfolio.
If you want to purchase Bitcoin with a credit card, debit card, or cash, CoinFlip provides reliable and safe tools for buying and exchanging multiple cryptocurrencies.
*This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, accounting, or investment advice.