Gold has served as a store of value for thousands of years. Due to this, investors have widely used it as a hedging tool against the effects of recessions and inflation often caused by geopolitical tensions. In light of recent events such as the COVID-19 pandemic and, more recently, the military crisis between Russia and Ukraine, many investors have sought alternatives to gold and other precious metals as hedging options. As we approach a digitized age, it is a prerequisite that alternatives to gold are equipped to deal with the future. In this search for a contender to challenge gold’s dominance, (BTC) has shone the brightest.
A spike in the price of gold is usually an indicator of anxiety within traditional equity markets, with the current consensus among investors being that gold is currently overbought. Prices of gold have reached up to $ 2,000 as investors weigh up the geopolitical and economic ramifications of the Russia-Ukraine conflict.
Sheraz Ahmed is the managing partner of STORM Partners and co-executive director of the Crypto Valley Association. Experienced with an insightful understanding of innovation, Sheraz Ahmed has advised hundreds of organizations on the implementation of modern practices to further their business objectives. He drives growth, collaboration and integrity across the global blockchain ecosystem.
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