Important Bitcoin and Gold Statement by Expert Name
Despite the global economic crisis and uncertainty, the leading cryptocurrency Bitcoin (BTC) has experienced a serious decline in the past few weeks and lost almost half its value. While many experts expect BTC and gold to react positively to this crisis, this sharp decline falsified the market.
Bitcoin is on the Rise Again!
However, news from the US markets has re-equalized the situation for gold and Bitcoin. The U.S. Federal Reserve said in an action decision on 23 March that they agreed for unlimited monetary expansion. This step, which led to the rise of Bitcoin, also led a leading crypto analyst to make a very critical forecast.
Peter Brandt, who knew Bitcoin’s parabolic rallies and was not mistaken in his predictions, seems to be the name behind the guess. Brandt stated that Bitcoin and gold are assets that will show its value and protect its investors against the worst situation just at times like this.
Stating that this was not the case for Silver, Brandt shared that gold started to return to the inflation-adjusted level 40 years ago. Not making a negative statement about Bitcoin, Brandt led to the thought that this is one of the assets that will protect investors best.
IMO, precious metals (#GOLD and $BTC) should be viewed as catastrophic insurance policies — not as investments. A premium is paid, hoping the policy is never needed. But if it is needed, the owner is protected against a worst case scenario. https://t.co/JrMhQe0jIF
— Peter Brandt (@PeterLBrandt) March 23, 2020
This statement made by Brandt may be interpreted as both assets will experience a significant increase in the coming days and the current rise is proof of this.