Russia-Ukraine War: The price of bitcoin is seeing a boom??
An investor invests only when he sees profit-making. However, there are some such assets in the investment category whose value keeps on increasing over time. In these, gold is one such asset that is increasing continuously with time and for this reason, it is very popular among investors. For centuries, gold has been considered a safe and returnable asset for investment. The reason is that it is not affected by inflation like any currency.
Reasons for not affecting the price of gold
The currency of a country can be a victim of inflation. There are many dangers to the currency. If an event is happening in any other corner of the world, then in such a situation the currency can be affected, due to which the value of the currency can come down.
People invest in real estate, the stock market, bonds, etc. only to avoid the impact of inflation. The price of all these things keeps on increasing over time. However, many such assets carry a lot of risks.
Why invest in Gold?
Investing in gold has always been considered a wise and safe investment option. The way the price of gold has increased over time, people's trust in it has increased. In an unexpected situation, it has increased the wealth of the people. Its biggest feature is that it does not deteriorate over time, it can be easily carried anywhere and can be converted into other assets. This is the reason why the whole world invests in gold.
The time is for digitization, so people are investing in new options by increasing them. In recent times, crypto remains the most popular asset. During this time, the people of russia and ukraine are trading rapidly in bitcoin and other cryptos. The reason behind doing this is that the people there have started to fear that the value of their country's currency may decrease but the value of bitcoin will increase with time.
Goldman's report claims that in the year 2022, a significant part of the market share of gold as a safe asset can be taken by bitcoin. The recognition of bitcoin is increasing in many parts of the world. Currently, the market capitalization of bitcoin is $700 billion. In comparison, the total investment value of gold is $2.6 trillion.
