Bitcoin vs Gold: Standard Chartered Declares Gold the True Safe Haven

Bitcoin vs Gold: The Safe Haven Debate

Standard Chartered has made clear that Bitcoin is not a safe haven against geopolitical risks. In contrast, the bank advocates for gold as a reliable hedge during times of turmoil. While Bitcoin may offer protection against financial issues like bank collapses and shifts in U.S. Treasury policies, gold remains the preferred choice for safeguarding investments against global uncertainties.

Analysts' Recommendations

According to analysts at Standard Chartered, investors should consider purchasing BTC/USD during price dips, particularly when it falls below USD 60K. This strategy reflects a cautious yet optimistic view on Bitcoin's potential as a cryptocurrency.

Understanding the Differences

• Gold: A traditional safe haven that retains value during geopolitical unrest.
• Bitcoin: Viewed as a hedge against traditional finance issues, but not against geopolitical tensions.

In summary, while both assets serve as hedges against different types of risks, Standard Chartered firmly positions gold as the ultimate safe haven during geopolitical crises.