Is bitcoin displacing gold as an inflation hedge? | Wealth Professional

According to JP Morgan, bitcoin has made the institutional investing community reassess the usefulness of gold, with rising concerns of inflation this year.

Lightning is a second layer technology that resolves the bitcoin first layer’s reputation for slow transaction resolution without compromising the integrity of the bitcoin network as a whole.

The purpose of a gold audit is to give the public a full reckoning of the gold inventory in the vaults that are under the control of the US Treasury.

Investors in gold have also had to navigate the unclear rules of ownership of gold in an unsegregated account with a broker; the tightly centralized control over how gold is priced; the difficulty in storing gold bullion privately ; and, ultimately, the ease with which governments can declare possession illegal.

Holding and moving gold successfully requires epic levels of trust in both the counterparty and the government.

I would go on to add that bitcoin beats gold because it’s open for anyone to audit, there is no centralized authority that can shut the network down and anyone can hold their bitcoin directly with no ownership ambiguities.

JP Morgan has also explained to Market Insider that ETF activity had been reflecting the huge enthusiasm for bitcoin at the expense of that for gold.

They used to say that a 1-oz gold coin, in imperial Rome, would buy you a good toga, and that same coin would now buy you a good suit.

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