The Argument for Dropping Gold in Favor of Bitcoin

May 2, 2019
21d ago
Gold has been a go-to hedge for investors looking to diversify away from equities. With the emergence of digital currencies, some are questioning whether bitcoin should be 'the new gold.' Grayscale, the world's largest digital currency asset manager, is one of the major players in crypto urging investors to give up gold for bitcoin. Michael Sonnenshein, Managing Director at Grayscale Investments, joined Cheddar to discuss why the firm is calling on investors to drop gold.