Cryptocurrencies such as Bitcoin and stablecoins do not serve as alternatives to gold, nor do they threaten its established role as a safe-haven asset, according to John Reade, senior market strategist and head of research at the World Gold Council.
Reade emphasized that long-term demand for gold remains robust, supported by ongoing concerns about US dollar assets, ongoing trade and geopolitical tensions, and the economic repercussions of tariffs.
“Bitcoin and other digital assets have been marketed as an improved version of gold — as ‘gold 2.0’ or ‘digital gold’,” Reade said. “That’s a fallacy, in my opinion.”
His remarks underscore gold’s enduring appeal in global markets despite the rising popularity of digital currencies.
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