Unstable Bitcoin price to pivot investment flow to gold, mining chief says

Cointelegraph

Published Aug 20, 2021 07:36AM ET

Updated Aug 22, 2021 10:00AM ET

Jake Klein, CEO of Australian gold mining establishment Evolution Mining, has said that crypto price volatility will make gold a far more attractive proposition.

Speaking to CNBC on Thursday, Klein argued that Bitcoin (BTC) is still ways away from offering the longstanding security associated with gold from a hedge investment perspective despite Bitcoin’s returns outsizing gold by several orders of magnitude in the last decade.

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