Is Bitcoin Better than Gold as Investors' Safe Haven?

Amid the bitcoin hype, some investors floated the idea that cryptocurrency could one day replace gold as one of the world's most widely accepted investment assets

Kristoffer Inton 13 September, 2018 | 16:31
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Bitcoin Gained More Than 1,800% in Value in 2017, Drawing Attention From a Wider Audience

With their meteoric price rises in 2017, cryptocurrencies garnered the attention of even the most unsophisticated investors, and applications beyond the blockchain were explored. Amid the growing hype, some even floated the idea that cryptocurrency could one day replace gold as one of the world's most widely accepted investment assets. After all, the prospect of replacing physical mining that requires heavy machinery, deep tunnels, and chemical pools with computers running code is enticing.

Morningstar analysts created a safe-haven framework to test this theory – putting both gold and cryptocurrency through the five-part test.

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About Author

Kristoffer Inton  is an Equity Analyst for Morningstar

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