TaoFu Bank warns that the Bitcoin craze may distract gold investors
George Milling-Stanley, head of gold strategy at DaoFu Bank, warns that the rise of Bitcoin could mislead investors into overlooking the stability of gold. He believes that Bitcoin is more like a return-driven investment, while gold provides long-term stability. He also criticizes Bitcoin promoters for misleading the market by using the term "mining", believing that gold remains a more reliable investment choice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: The current Crypto Fear & Greed Index is 29, indicating a state of fear.
Ethereum's net supply increased by 18,469 in the past 7 days
Swiss crypto bank Amina Bank completes DLT settlement test via Google Cloud
Data: Machi increases Ethereum long positions to $28.6 millions, with an entry price of $2,981.59