Investors Turn To Gold As Inflation Threat Rises: Is Bitcoin Considered?

The latest news from the market show that more prominent investors are raising the alarm bells lately as a result of the fiat currency debasement by central banks all around the world. Investors turn to gold which has soared to its highest level since 2012. Having all fundamentals in place, the question for the Bitcoin (BTC) community is when the digital gold will follow.

Both gold and silver have been making headlines over the weekend as they ended the trading day on Friday on a very positive note for investors. These precious metals traded higher for four consecutive days, all while the Bitcoin news showed a price correction and a struggle to breach the $10,000 levels.

Also, gold and silver were up sharply in early Monday trading, with silver standing out with a gain of more than 4%. Following this surge higher over the past weeks, we can now see that gold is now approaching the highest level from back in 2011 – of just over $1,900 – which ended a decade long bull market for the precious yellow metal. A chart by GoldPrice.org helps us see this in detail.

As we can see, the large moves were noticed by many investors. Even the famous author Robert Kiyosaki commented how investors turn to gold and tweeted that he has “bought more gold, silver, Bitcoin” as he expects the next bailout to be in trillions of dollars and BTC to hit $75,000 in three years.

ECONOMY dying. FED incompetent. Next BAILOUT trillions in pensions. HOPE fading. Bought more gold silver Bitcoin. GOLD @$1700. Predict $3000 in 1 year. Silver @ $17. Predict $40 in 5 years. Bitcoin @$9800. Predict $75000 in 3 years. PRAY for the BEST-PREPARE for the WORST.

— therealkiyosaki (@theRealKiyosaki) May 16, 2020

This is how the crypto news emerged and how the topic of BTC was presented. As investors turn to gold, Bitcoin is also there as a precious asset. “Money printing by central banks and vast state stimulus packages are rekindling interest in one of the oldest stores of wealth,” according to Bloomberg.

Anyways, the important thing to look at right now is that when compared to the financial crisis in 2008, this one has already built up a response time and is affecting all markets – which may lead to a signal that everything could crash in the months to come. For investors in digital gold, silver and Bitcoin, however, the extreme money printing by central banks won’t affect their assets.

The only thing that we need to see in the near future is Bitcoin (BTC) marching to a new all-time high.