The view that Bitcoin is a better investment than gold was voiced by Troy Gajeski, a senior executive at the SkyBridge Capital fund, which manages $ 7.5 billion in assets.
According to him, the precious metal is expected to reach new historical highs for 2021, but the fund insists on Bitcoin and cryptocurrencies as they are expected to show greater profit margins.
Speaking to Bloomberg, Gajeski said that both gold and Bitcoin are expected to rally in the coming months, even if the US Federal Reserve (Fed) lifts its support measures to support the economy, a move that will intensifies volatility in markets. “With Bitcoin you can ‘earn’ a little more profit than with gold,” Gajeski noted.
In recent weeks, the international investment community has been watching the Fed’s announcement of rising inflation amid waiting for measures to be phased out in the world’s strongest economies to tackle the coronavirus crisis.
The above mood has left a “gap” on what will be the safest and most profitable investment in the post-coronavirus era, especially in the midst of the trend away from “traditional” markets, such as stocks and the foreign exchange market.
