Bernstein Research: Bitcoin will continue to outperform gold in terms of returns

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Experts of the American analytical company Bernstein Research believe that investors investing in gold should take a closer look at bitcoin - the profitability of BTC will behigher in the foreseeable future.

In their report, Bernstein Research analysts write that there is a rush in the gold market, butInterest in Bitcoin, although growing, remains comparatively low, despite the fact that the first cryptocurrency has become the most profitable asset of 2023:

"Despite the fact that bitcoin has risen by 71% since the beginning of January, few believeinto a new bull cycle of the first cryptocurrency and new highs."

Perhaps, according to the report's authors, this is the so-called "syndrome of hatred for the fastest horse" – investors do not believe itDespite the emotions, bitcoin has repeatedly shown more significant gains than gold.For example, during the coronavirus pandemic and the subsequent large-scale increase in the money supply (3.5 years), the performance of BTC surpassed that of gold by 2.9 times.

"In our opinion, the love of gold and the simultaneous dislike of bitcoin are simply irrational, like hatred of the fastest horse," the researchers concluded.

On Tuesday, April 11, the rate of the first cryptocurrency showed growth
at 6.5% and exceeded $30,000.Since then, the price of bitcoin has been consolidating around this level.