{"id":15884,"date":"2024-08-06T19:22:46","date_gmt":"2024-08-06T16:22:46","guid":{"rendered":"https:\/\/forklog.com\/en\/gold-and-bitcoin-serve-distinct-roles-in-institutional-portfolios-says-expert\/"},"modified":"2024-08-06T19:22:46","modified_gmt":"2024-08-06T16:22:46","slug":"gold-and-bitcoin-serve-distinct-roles-in-institutional-portfolios-says-expert","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/gold-and-bitcoin-serve-distinct-roles-in-institutional-portfolios-says-expert\/","title":{"rendered":"Gold and Bitcoin Serve Distinct Roles in Institutional Portfolios, Says Expert"},"content":{"rendered":"<p>eToro analyst Josh Gilbert asserts that major investors are unlikely to view the leading cryptocurrency as a safe-haven asset akin to gold. This was reported by <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-06\/bitcoin-btc-recent-price-selloff-shows-it-isn-t-digital-gold?utm_source=telegram&#038;utm_content=crypto&#038;utm_medium=social\">Bloomberg<\/a>.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cThese two instruments do not play the same role in investment portfolios,\u201d the specialist noted.<\/cite><\/p><\/blockquote>\n<p>According to the news agency, the correlation between gold and Bitcoin turned negative in July.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1x-1-1-2-1024x576.jpg\" alt=\"1x-1-1-2\" class=\"wp-image-238457\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/1x-1-1-2-1024x576.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/1x-1-1-2-300x169.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1x-1-1-2-768x432.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/1x-1-1-2.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Comparison of Bitcoin and gold dynamics. Data: Bloomberg.<\/figcaption><\/figure>\n<p>Gilbert is convinced that cryptocurrencies are particularly vulnerable to potential economic risks such as a possible recession due to the prolonged restrictive policy of the <span data-descr=\"Federal Reserve System of the USA\" class=\"old_tooltip\">Fed<\/span>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cIf investors panic and want to reduce leverage, digital assets often top the list,\u201d he noted.<\/cite><\/p><\/blockquote>\n<p>Mad Money host Jim Cramer remarked that amid the recent correction, gold \u201cheld up a lot better than cryptocurrency.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Remember this: gold held up a lot better than crypto\u2026<\/p>\n<p>\u2014 Jim Cramer (@jimcramer) <a href=\"https:\/\/twitter.com\/jimcramer\/status\/1820400695339573627?ref_src=twsrc%5Etfw\">August 5, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1x-1-9-1024x576.jpg\" alt=\"1x-1-9\" class=\"wp-image-238458\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/1x-1-9-1024x576.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/1x-1-9-300x169.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1x-1-9-768x432.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/1x-1-9.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">40-day correlation of Bitcoin and gold. Data: Bloomberg.<\/figcaption><\/figure>\n<p>The head of research at Galaxy Research <a href=\"https:\/\/www.coindesk.com\/markets\/2024\/08\/05\/is-bitcoin-still-a-store-of-value\/\">believes<\/a> that many investors view Bitcoin as a sort of \u201cventure bet on its future as digital gold.\u201d<\/p>\n<p>Despite a drop of ~14% in recent days, the leading cryptocurrency has risen by 27% since the beginning of the year. During the same period, gold has appreciated <a href=\"https:\/\/tradingeconomics.com\/commodity\/gold\">by ~16%<\/a>.<\/p>\n<p>Earlier, ForkLog discussed with experts the key support levels for Bitcoin and the conditions for its growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>eToro analyst Josh Gilbert asserts that major investors are unlikely to view the leading cryptocurrency as a safe-haven asset akin to gold. This was reported by Bloomberg.<\/p>\n","protected":false},"author":1,"featured_media":15883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,536,1138],"class_list":["post-15884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-gold","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15884"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15884\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15883"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}