After years of doubts and concerns, it is finally Bitcoin’s time to shine -Breaking
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© Reuters Since thousands of year, gold has been an asset that holds value. Investors have used gold as a hedge against inflation and recessions often caused by geopolitical tensions. Due to recent events like the COVID-19 outbreak and more recently the Russian-Ukraine military crisis, investors began looking into other options for hedging. It is essential that we have alternatives to gold as we move towards a digital age. In this search for a contender to challenge gold’s dominance, (BTCIt has been the most prominent.
An increase in gold prices is an indication of investor anxiety. The current consensus is that gold is overbought. Gold prices rose to nearly $2,000 after investors weighed the geopolitical as well as economic consequences of the Russia-Ukraine war.
Sheraz AhmedSheraz Ahmed is the managing partner at STORM Partners, and the executive director of Crypto Valley Association. Sheraz Ahmed, an innovator with a keen understanding of innovation is highly qualified to advise hundreds of businesses on how to implement new practices that will help them achieve their business goals. Sheraz Ahmed is responsible for ensuring that the blockchain ecosystem grows, collaborates and maintains integrity.
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