March 28, 2024

Bitcoin and gold are the best assets to invest in 2020

Bitcoin and gold are the best assets to invest in 2020

Many Russian experts have recently often called on their compatriots to invest incryptocurrency.

For the first time in large quantities such calls began to soundin spring, when against the backdrop of the coronavirus pandemic and falling oil prices, the ruble renewed its lows against the dollar and the euro. Economist Vladislav Zhukovsky also believes that it is necessary to reduce investment in the Russian currency and switch to alternative instruments.

He predicts that not only the ruble, but also the dollar will fall in price next fall. In this situation, the best option would be to invest in precious metals, bitcoin and other cryptocurrencies.

Zhukovsky told reporters:

«Assets such as gold and cryptocurrency will rise in price relative to the dollar».

According to the economist, gold prices will renew their highs this year. Plus, we should expect an explosive growth in the value of shares of technology companies, primarily American ones.

Now a troy ounce of gold is trading slightly higher$ 1979 is the highest value since 2011. Bitcoin recently broke above $ 12,000, but then pulled back. Today, August 5, the BTC rate is holding at $ 11,250.

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Billionaire Mike Novogratz also believes thatIn the long term, the trend towards strengthening the positions of Bitcoin and gold will continue. Moreover, this year the cryptocurrency can repeat its famous run of three years ago and soar to $20,000.

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