Bitcoin is often referred to as digital gold, but the first scarce digital asset has a long way to go before it even comes close to gold's total worth and widespread use as an investing store of value...
However, one digital currency asset manager, Grayscale Investments, is working to make that happen—today launching a campaign called #DropGold, aiming to make"investment portfolios to reflect that bitcoin has become digital gold for today’s forward-thinking investors."
"The gold industry has done a fantastic job of marketing an overpriced metal but bitcoin has superior physical properties and market utility. I believe that bitcoin will become the store-of-value for our digital age." The bitcoin price remains too volatile for many investors to consider it as a major part of their portfolio.According to Grayscale’s simulations, dropping even 5% of a portfolio’s gold allocation and replacing it with bitcoin produced an annualized return that was over 5% higher than that of a pure gold allocation, with lower volatility.
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