Some cryptocurrencies have shown enormous value development in recent years. More and more investors are asking themselves whether cryptocurrencies cannot be avoided in the long term.

Precious metals vs. cryptocurrencies – What speaks for gold?

Precious metals and above all gold have been valuable raw materials for thousands of years and are considered crisis-proof. The idea that precious metals will no longer play a role as an asset class in the future is correspondingly difficult. Precious metals and gold will continue to hold their value against the currency. This is in the nature of naturally limited precious metals. If you want to invest in gold, you should see it as a wealth-keeping investment.

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Precious metals vs. cryptocurrencies – What speaks for cryptocurrencies?

But cryptocurrencies should also be taken seriously in the future. Of course, in comparison to the precious metals, these have no history over the last 1000 years, but they are not called “digital gold” for nothing. Blockchain technology brings many new possibilities.

Cryptocurrencies such as Bitcoin, Litecoin, Ripple, and Ethereum have outgrown their infancy. This also includes the great volatility and the uncertainty of where things are headed in the future. But one thing is for sure. Limited availability, rising adoption, and the promising technology behind cryptocurrencies are just some of the reasons why investing in cryptocurrencies is serious. Because of this, there are many broker platforms such AAAFx offer aaafx reviews. Investors can learn from these reviews and take their trading to a new level.

Investing in precious metals – is it still worth it?

The money supply is still increasing much faster than the available amount of gold, silver, or platinum. So if you want to invest in precious metals, you protect yourself from monetary inflation. An investment in precious metals will continue to be worthwhile in the future.

Precious metals vs. cryptocurrencies – conclusion

Both asset classes could play a role in wealth preservation and wealth accumulation in the future. Precious metals have had a certain value stability for thousands of years and have been established for a long time. Cryptocurrencies are currently still subject to very high volatility and are dominated by momentum traders.

Post Author: Janele Aretha