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One-third of Surveyed Gold Buyers View Bitcoin as the Better Bet

From blockworks.co

About half of surveyed gold buyers report plans to acquire more of the asset, but a third of respondents believe bitcoin is a viable alternative, according to a survey by blockchain infrastructure platform Paxos. The survey, published Wednesday, gathered responses from 1,000 adults in the US, UK, Singapore and Germany who have purchased some form of gold — ETFs, physical bars, gold coins or tokenized gold — in the past two years. The answers were collected in mid-April. The top motivation for those saying they plan to buy more gold is concern around inflation, which has reached a 40-year high. Other top motivations ... (full story)

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  • Category: Fundamental Analysis