Resilient bitcoin – When we talk about cryptocurrencies, Bitcoin (BTC) is often the first that comes to mind. Resistant, decentralized and transparent, its network has demonstrated its efficiency as well as its relevance. Faced with this success, some leading analysts even see the golden age of cryptocurrencies arrive in small steps. This is not the economist’s thinking Paul Krugman, winner of the Nobel Prize in Economics. Admittedly considering Bitcoin as a value, the latter hypothesizes – with certainty – that thegold is a better safe haven than bitcoin.
Irreplaceable Gold, Bitcoin Too Volatile
It is therefore in the columns of the New York Times that spoke Paul Krugman. In an opinion piece, the economist claimed that thegoldsecular safe haven, would be much more relevant to use only the creation of Satoshi Nakamoto. He supports his theory with the help of the uncertain macroeconomic context that we are all going through.
“Gold has a long history as a stable investment, while Bitcoin is still considered a volatile and risky asset. »
Moreover, beyond this youth of Bitcoin which seems to be lacking here, the economics expert also explains that the year 2022 was punctuated by crypto disasters who have created a severe crisis of confidence within the ecosystem. We can think of theFTX implosion or even the terra cataclysm.
>> Prefer to keep your BTC safe? Choose a Ledger wallet (commercial link) <<
Bitcoin: a golden deal?
It is undeniable that gold has played a important role as a valuable storage asset for centuries. However, this opinion of Krugman comes up against divergent opinions on the future of cryptocurrencies and especially of their father: Bitcoin.
We don’t have a crystal ball. However, the decentralization having already shown its virtuesmany are those who are satisfied to have made the choice of Bitcoin as an investment. We can think of Francis Suarezthe mayor of Miami who confirms that receiving his salary in BTC is a gold bargain.
The news is full of examples that can question and counter-argue the words of Krugman which participate in the icy mood of the moment. Indeed, while Argentina and Brazil are considering a common digital currency in a gradual adoption of cryptocurrenciesIran and Russia have the secret desire to create a gold pegged stablecoin to circumvent US sanctions.
In crypto, do not economize on caution! So, to keep your crypto assets safe, the best solution is still a personal hardware wallet. At Ledger, there is something for all profiles and all cryptos. Do not wait to put your capital in safety (commercial link)!