Bitcoin vs Gold $GLD Isn't The Comparison People Think It Is, Just Look at The S&P 500 (VOO) To See Why
Briefly

Bitcoin has demonstrated a strong correlation with equities, particularly the S&P 500, challenging its image as a safe-haven asset amidst market turmoil. Historically viewed as a stabilizing investment akin to gold, Bitcoin's price movements align closely with stock market fluctuations. Despite gold's role in safeguarding wealth during volatility, it, too, has limitations. Investors are encouraged to consult financial advisors to evaluate their portfolio's resilience in the face of market challenges, focusing on diversified assets such as gold and appropriate investment strategies.
Bitcoin's correlation with equities, particularly the S&P 500, undermines its narrative as a safe-haven asset during market volatility.
While Bitcoin was thought to be a stabilizing asset like gold, its performance closely mirrors that of the stock market, raising questions about its reliability.
Investing in gold can be done through physical holdings, royalty firms, or ETFs; however, it has limitations in providing protection during volatility.
Investors should assess their portfolios with a financial advisor to ensure they are positioned to withstand market storms.
Read at 24/7 Wall St.
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