We hear a lot about Bitcoin being the new and improved “digital gold.” Bitcoin is a store of value the bulls contend. Maybe, but since the market peaked on February 19th, Bitcoin is down more than 30%. For the year, Bitcoin is down 14%. How about that old barbarous relic, gold. Gold is up 7% on the year.
You Might Also Like:
Jeremy Jones, CFA, CFP® is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Richard C. Young & Co., Ltd. was ranked #5 in CNBC's 2021 Financial Advisor Top 100. Jeremy is also a contributing editor of youngresearch.com.
Latest posts by Jeremy Jones, CFA (see all)
- Could Car Dealers Get Flooded with Cars Mid-Recession? - July 5, 2022
- Despite Inflation, Best Year Ever for Vacation Demand - July 1, 2022
- Purchases of Gaming Chips for Crypto Mining Tailing Off - June 30, 2022