Bitcoin and Gold Become the Favorites in the Investment World in 2024!

Bittime - In 2024, Bitcoin and gold will become the favorites in the investment world. 

According to Matrixport, Bitcoin has seen its price jump by 59% so far this year, while gold is up around 31%. Read this article to find out more!

Bitcoin and Gold Become the Favorites

This achievement of Bitcoin and gold outperformed the performance of other traditional assets, including bond ETFs and the S&P 500 index which only experienced an increase of 22%. 

Looking at this trend, it becomes increasingly clear that Bitcoin and gold is a very popular investment option. This trend is not only influenced by market volatility, but also by increasing global economic instability. 

In the midst of economic uncertainty, Bitcoin and gold appear as safe investment options. Uncertain economic conditions and increasing national debt have encouraged many investors to seek safety in these two assets.

Read Also: Bitcoin vs Gold: Will Bitcoin Really Outperform Gold? This is what the experts say!

Anti US-Dollar Sentiment, Bitcoin and Gold Investment Increases

The global move to reduce dependence on the US dollar is one of the main drivers of increased interest in Bitcoin and gold. Central banks in various countries are now trying to reduce dependence on the US dollar.

This step was taken because of economic uncertainty in the US, especially regarding the problem of inflation and the sharp increase in national debt. The instability of the dollar as a global currency is pushing countries to look for alternatives.

Bitcoin and gold are considered financial instruments that can balance risks. This also has an impact on increasing demand for these two assets amidst fluctuations in the value of fiat currencies.

Bitcoin and Gold Investment Increases, Impact of Spot Bitcoin ETF

Apart from that, Bitcoin is also experiencing a surge in popularity thanks to the presence of spot Bitcoin ETFs that have been approved in several countries. The existence of this spot ETF allows investors to buy Bitcoin more easily. 

With this spot ETF, more investors are interested in participating in the Bitcoin market, especially from institutional circles. This strengthens Bitcoin as a digital asset that is increasingly recognized in the investment world.

Read Also: Elon Musk's Bitcoin Buying Tweet 6 Years Ago Was the Catalyst for Bitcoin Prices to Rise 1000% 

How to Buy Crypto di Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.