Is crypto the new gold?

Has cryptocurrency become more stable than stocks?

Photo by Jingming Pan on Unsplash

Lately, during times of conflict, there has been a notable surge in the cryptocurrency market, and this trend seems to be consistently present. For instance, when the Ukraine conflict started, Bitcoin experienced a significant increase in value. Now, with the commencement of conflicts involving Israel, the crypto market is poised to rise once more, along with companies like Lockheed Martin and others profiting from war-related activities.

So, why are we investing more and more into cryptocurrencies?

In an increasingly uncertain world marked by inflation and conflicts, people are compelled to explore alternative means of earning and safeguarding their wealth. This is especially crucial given the economic blockades affecting entire nations(Russia, Venezuela, Iran the list can go on forever).

Cryptocurrencies offer a way to circumvent these restrictions, and as a result, individuals, including major Wall Street players, are increasingly investing in crypto.

This trend is expected to grow further as the stability of traditional currencies like pounds, dollars, and euros becomes uncertain, and companies like Apple face market restrictions like they are now facing in their biggest market in China, or when companies like Huawei encounter challenges in the USA, or Google facing challenges in Europe.

Therefore, if you are contemplating investing in cryptocurrency, it’s probably a good time to do so now.