Going Digital: Bitcoin Beats Gold and Silver In Year-To-Date Returns

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As the dollar struggles and weakens due to the devastating blow dealt by the pandemic, there’s a battle going on between Bitcoin, gold, and silver for the ideal store of value. By comparing year-to-date performance alone, the cryptocurrency’s ROI nearly matches silver and gold’s combined returns. What does this mean for the crypto market moving forward? Will these assets soon stand toe-to-toe, respected alongside precious metals as potential safe-haven assets? Hard Money: The Dollar’s 2020 Demise Prompts Precious Metal and Cryptocurrency Bull Run Although the trend slowly began back in 2019, investors doubled down in 2020 moving money into gold and other safe-haven assets fearing the worst ahead for the economy. This started long before the pandemic hit, due to increasing political and trade tensions between the US and China. That situation took a pause to focus on the pandemic but is still ever-present and potentially coming to a boil…

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