Gold and Bitcoin (and more widely precious metals and cryptocurrencies) share a number of similarities and some startling differences. However, both should be considered as part of an overall diversified strategy.
The argument rages on whether Bitcoin or Gold is the better investment. But here is the good news. You can have both:
"I would probably pick Bitcoin but why not both? Gold and Bitcoin have a very similar aspect to the portfolio. I would add gold as a diversifier. I would add Bitcoin as a diversifier. The hedge is diversification. Bitcoin is a tool to get there. Bitcoin is a hedge to losing money to something stable." — Mike Venuto, co-portfolio manager of the Amplify Transformational Data Sharing ETF, a $1 billion ETF.
Unifimoney makes it easy to invest in both precious metals and cryptocurrencies in one app. We offer fractional investing from as little as $1 in Gold, Silver and Platinum and 26 cryptocurrencies. If you prefer to invest via individual company equities or ETFs, we have those as well.
We are now slowly rolling out our beta program. Be one of the first to get access by signing up today.
The above does NOT constitute an offer, solicitation of an offer, nor advice to buy or sell specific securities. The opinions listed above are not the opinions of Unifimoney Inc. or Unifimoney RIA, Inc. but represent the opinions of independent contributors. These contributors may or may not hold positions in the stocks discussed. Investors should always independently research any stocks listed and form their own opinions, while recognizing that any investments made may lose value, are not bank guaranteed and are not FDIC insured.