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.
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. CNBC has ranked Richard C. Young & Co., Ltd. as one of the Top 100 Financial Advisors in the nation (2019-2022) Disclosure. Jeremy is also a contributing editor of youngresearch.com.