Will Precious Metals Rally Outpace Bitcoin? This Economist Thinks So!
The prices of gold and silver have been skyrocketing as of late, tempting investors to pivot towards them. In recent times, precious metals like Gold and Silver have been on a remarkable rally, hitting new record highs. The precious metals are rallying at a record pace, trading at $2,370 and $28, respectively.
This sudden development in the metal sector is compelling economists to reconsider their investment strategies. While Bitcoin recently hit new record highs, some are questioning if its reign at the top is secure. Although scandals and bankruptcies like TerraLuna and FTX raised concerns about its investment value, bitcoin has recently hit new record highs. This parallels gold’s performance, raising questions about the long-term sustainability of both rallies.
For some investors, Bitcoin’s recent rally to the $100,000 milestone gave the signal that the asset is here to stay and the same could be said for traditional finance. But can Bitcoin maintain its momentum, or will the allure of tangible assets like Gold and Silver prove too strong?
One economist believes that precious metals are poised to outpace Bitcoin in the coming months. Gold, in particular, has been grabbing attention. Bitcoin traders seeking insights into when the world's largest token might hit new lifetime highs should consider pulling up gold’s price chart on their trading platform. The prices of gold and silver have been skyrocketing as of late, tempting investors to pivot towards them.
Highlighting his optimism for Bitcoin, Kiyosaki projects the cryptocurrency could climb between 78% and 257% by the end of 2025, potentially reaching values between $175,000 and beyond. But will this potential growth be enough to stay ahead of the surge in precious metals?
Many factors contribute to the shifting landscape. Los fondos cotizados en bolsa (ETFs, por su sigla en inglés) alcanzaron niveles de capitalización récord en septiembre. Esto se debió a factores como el alza en los Bitcoin BTC$94,299.33.
The question remains: Will the established stability of precious metals ultimately triumph over the volatile, yet potentially high-reward, nature of Bitcoin? Only time will tell, but this economist is betting on Gold and Silver.