Is crypto the new gold?
Since President Donald Trump began announcing tariffs, we’ve been talking about safe havens — places investors put their money when the world turns chaotic.
Usually, that’s U.S. debt, backed by the full faith and credit of the U.S. government. But in the immediate wake of that tariff stock market sell-off, investors sold U.S. Treasurys too.
There’s gold, an ancient safe haven, which hit another record high Wednesday — more than $3,350 an ounce.
But now, in 2025, there’s also bitcoin, whose proponents love to tell you will be the future digital gold.
In the last couple years, when the stock market threw a temper tantrum, bitcoin seemed to have an absolute hissy fit. Like back in the summer of 2022, when the Federal Reserve…
