ByteTree: Gold and bitcoin will be the basis of investment portfolios

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CEO of an investment companyByteTree considers gold and bitcoin the best insurance against economic shocks, but is sure that too much depends on the policies of the US Federal Reserve and central banks.

Charles Erith stated that inByteTree are confident: Bitcoin  gold will be important components of investment portfolios for years to come. Not because they are guaranteed to increase in price, but because in an era of inflation they act as insurance against mistakes.

Both assets complement each other perfectly,allowing you to feel protected both in the traditional financial system and in the developing new digital one, the expert believes. Currently, Erith says, we are seeing some slowing in inflation, but the battle is not yet won:

“On the one hand, if politicians weakenregulatory measures, inflation will flare up again. On the other hand, the Fed and other central banks convince themselves that the battle is won and change the direction of financial flows, after which inflation begins again.”

Founded in 2014 ByteTreeprovides investment solutions and aggregates data on institutional-grade crypto assets in Bitcoin and other cryptocurrencies, as well as gold and silver for the digital asset market.

No matter how good gold and bitcoin are athedging risks, much depends on central banks, which face a difficult choice: to collapse the global economy or “feed the inflation tiger,” Erith argues. Any evidence that inflation is finally under control will be seen as a victory, regulators will ease policy and inflation will start again, the CEO fears.

Previously cryptocurrency analyst Benjamin Cowan(Benjamin Cowen) stated that the Bitcoin price is directly related to the stock market and inflation, and will fall until inflation begins to subside.