Inflation is an economic poison that not only increases the cost we pay for the goods we all need, it erodes the value of currencies, reducing their respective store of value.
The latest subscription report from Arcane Research finds that gold is up 4% on the year, while Bitcoin is down 18%.
However, Arcane notes that the 22% difference in return and pricing patterns of Bitcoin this year track much more closely to the technology sector than gold.
In fact, you’ve probably used this company’s technology in the past few days, even if you’ve never had an account or even heard of the company before.
At the time of writing, Bitcoin was up 1.66%, trading at $39,372 per coin according to CoinMarketCap, despite news earlier this week that Fidelity Investments will soon be adding Bitcoin as an investment option to 401 savers.
Regardless, it’s important to remember that this is not financial advice and every investor should always do their own research, investing only what they can afford to lose.
To help you get started, our independent experts have sifted through the options to bring you some of our best cryptocurrency exchanges for 2022.
Tor Constantino is a corporate communications executive and business writer with an MBA.
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.