by Kerry Lutz
In recent years, the financial world has witnessed a fascinating tug-of-war between gold and cryptocurrencies, particularly Bitcoin. People who extol the virtues of being able to hold a tangible asset in your hands, mostly older, have been slow to accept the virtues of Bitcoin. While gold has long been the go-to store of value and hedge against economic uncertainty, Bitcoin and other cryptocurrencies have emerged as strong competitors, attracting a new generation of investors. This dynamic has had a significant impact on the price of gold, and many experts argue that cryptocurrencies are playing a role in keeping gold prices lower than they might otherwise be. While this thesis may not be provable, it has a certain intuitive appeal. And it’s important to realize holding gold and crypto are not mutually exclusive.