Why gold is a better investment than bitcoin despite the cryptocurrency’s recent dominance, according to SocGen

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May.22, 2021, 08:51 AM Tomohiro Ohsumi/David Gray/Getty Images Bitcoin’s place in investment portfolios is still “highly contested” even after outperforming gold in recent months, says Societe Generale.The cryptocurrency faces multiple risks including regulatory threats and “confusing” messaging from bitcoin backer Tesla.SocGen has assigned gold a 5% weighting in its multi-asset portfolio.See more stories on Insider’s…

‘I Won’t Sell’ Dogecoin-Tesla Billionaire Elon Musk Reveals Where He Stands In ‘The True Battle’ Between The Dollar And Crypto

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Elon Musk, the meme-loving Tesla TSLA chief executive that moves markets with his irreverent tweets , is apparently readying for war. Musk, who’s recently gone all-in on the somewhat satirical cryptocurrency dogecoin —helping its price soar many thousands of percent to a mind-blowing $42 billion market capitalization —sees a “battle” coming between government-backed fiat currencies…

Bitcoin Caps Wild Week With Another Fresh Bout of Volatility

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Bitcoin Volatility Puts Weekend Traders on Stomach-Churning Ride Bloomberg 43 mins ago Vildana Hajric and Claire Ballentine (Bloomberg) — Bitcoin’s extreme volatility carried into the weekend as the world’s largest cryptocurrency continued to whipsaw investors with double-digit percentage moves.Popular Searches -1.37% The digital token slumped as much as 13% Sunday, and traded 12.3% lower at…

Why gold is a better investment than bitcoin despite the cryptocurrency’s recent dominance, according to SocGen | Currency News | Financial and Business News

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Tomohiro Ohsumi/David Gray/Getty ImagesSociete Generale has concerns about bitcoin’s presence in investment portfolios after a week that saw the ever-volatile cryptocurrency plummet more than 30% in a single day.That has the firm weighing gold as a superior option – despite its recent underperformance – given its better protective qualities against inflation.Gold’s place in investment portfolios…

Bitcoin is DOOMED if this happens..

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How To Make Money Online With Affiliate Marketing Bitcoin is doomed if this happens, and it all revolves around the energy consumption of Bitcoin mining.If BTC is fundamentally changed, it invalidates exactly what Bitcoin is and I will sell all of my Bitcoins.Subscribe to the BEST Bitcoin YouTube channel – https://voskco.in/sub Compass sells Bitcoin miners!…

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