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Gold Prices Hit An All-Time-High Overnight, Causing Some To Wonder If Bitcoin Is Next
Summary: Gold prices hit an all-time-high overnight, causing the crypto community to wonder if Bitcoin will soon see a similar rise. The precious metal — often thought of as a safe haven asset — saw its price increase up to $1,938 per ounce, signaling that investors are wary of the U.S. economy's future. The rise comes as many ...
Gold prices hit an all-time-high overnight, causing the crypto community to wonder if Bitcoin will soon see a similar rise.
The precious metal — often thought of as a safe haven asset — saw its price increase up to $1,938 per ounce, signaling that investors are wary of the U.S. economy's future.
The rise comes as many Americans are waiting on a second stimulus package from Congress to help citizens stay afloat as COVID-19 continues to shake the nation's economy.
Some crypto supporters believe that stimulus packages will lead to more money printing, causing inflation and greater investment in finite assets like gold or Bitcoin.
By Emily Mason
Tags: Bitcoin,COVID-19,Gold,Stimulus Packages
Link: Gold Prices Hit An All-Time-High Overnight, Causing Some To Wonder If Bitcoin Is Next [Copy]
