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Bitcoin vs. Gold: Which Is The Best Hedge Against Inflation?

David LeNeveu profile photo

David LeNeveu, CIM, FCSI, PFP, CEA

Founding Partner
Rockmoor Wealth Management
Mobile : 250-618-0386
Office : 250-667-4511
Schedule a Meeting

On Sunday a one-word tweet from Elon Musk sent Bitcoin plunging $135 billion in value. This episode of What’s Ahead focuses on how such pricing pyrotechnics obscure what should be the true purpose of cryptocurrencies: a viable alternative to government money in conducting commercial transactions, both short- and long- term.

Cryptos have rocketed in market value in the past year. But to be enduring as hedges against inflation—as gold has been for thousands of years—and as trustworthy stores of value, they must be more than spectacularly speculative vehicles.

BySteve Forbes

© 2022 Forbes Media LLC. All Rights Reserved

This Forbes article was legally licensed through AdvisorStream.

David LeNeveu profile photo

David LeNeveu, CIM, FCSI, PFP, CEA

Founding Partner
Rockmoor Wealth Management
Mobile : 250-618-0386
Office : 250-667-4511
Schedule a Meeting