Central banks around the world are aggressively buying gold $PAXG amid global economic and geopolitical uncertainty.
According to Metals Focus in its latest annual report, this action is part of the de-dollarization trend, which is the step of diversifying foreign exchange reserves from dollar-based assets to gold.
So what is the impact on bitcoin?
Bitcoin $BTC is sometimes referred to as "digital gold" due to its rare, decentralized, and inflation-resistant nature (similar to gold). If investors are looking for assets that have similar characteristics to gold but in digital form, interest in Bitcoin may increase.
Both gold and Bitcoin are often considered "safe-haven" assets or hedges against inflation and currency devaluation.
According to you, which is more profitable, investing in digital gold or bitcoin?
Give your reasons in the comments so we can learn together..
