CEX blog. IO | Digital gold vs. traditional: how to growDoes Bitcoin's popularity affect gold?

Recently, institutional investors have increasingly abandoned precious metals in favor ofYuri Mazur, Head of Data Analysis at CEX. IO Broker, commented on how the situation will beevolve further.

Looks like institutional investors are seriousbecame interested in Bitcoin as an alternative asset. Given that gold is a safe haven asset, we can expect Bitcoin to compete with gold in the long term.

And the fact that bitcoin's capitalization hasn't reached even $400 billion cangive investors the opportunity to make high returns, even as the estimated value of all gold mined at the end of 2020 exceedsTen trillion dollars.

Also, given that gold is protectiveasset, investors may want to hold it in their portfolio. Therefore, gold looks like one of the main potential sources of capital for Bitcoin, an alternative asset with much greater growth potential than gold.

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