It’s globally recognised and it’s institutionally accepted. While newer, cryptocurrencies offer scarcity in a digital form. They are transparent, rules-based and, with bitcoin, there is a total fixed supply of about 21 million coins that can ever be mined.

“Gold is best viewed as a conservative, proven store of value and risk hedge. Bitcoin is a high-risk, high-reward digital asset with growth and disruption potential,” says Craig Semmens, CEO of wealth management firm, PhillipCapital.

“Gold tends to act as a hedge against geopolitical risk and US fiscal and monetary policy risks, while bitcoin tends to be more speculative and correlated with the Nasdaq.”

Appreciating…