"Gold is valued at around $4,800 per ounce as of mid-April, still roughly 46% higher than a year ago, even after pulling back from January's peak."
"Bitcoin has actually hedged well in the past, just not in the way most people expect. When a government slowly destroys its own currency, Bitcoin thrives."
"The difference in volatility between Bitcoin and Gold is significant; Bitcoin's annual volatility runs roughly 45-60% while gold's falls around 12-18%."
"When central banks are your biggest buyers, gold's price has a lot more support under it than when retail speculation is the main driver."
As of mid-April, gold is valued at approximately $4,800 per ounce, significantly higher than a year ago, while Bitcoin is trading around $74,000, down from its peak. Institutional investment in gold is increasing, with central banks expected to purchase 755 tonnes this year, providing strong price support. Bitcoin has historically performed well against currency devaluation but struggles during sudden crises. The volatility of Bitcoin, at 45-60% annually, contrasts sharply with gold's 12-18%, making gold a more stable hedge currently.
Read at 24/7 Wall St.
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