24/08/2017
Morgan Stanley: Bitcoin is Better Than Gold in Many Aspects
Since 2016, a growing number of investors and traders have begun to adopt bitcoin as a safe haven asset or digital gold. Its fixed supply and decentralized nature have allowed bitcoin to become the perfect hedge against economic uncertainty and global markets instability.
Earlier this week, Tom Price, equity strategist at the $88.9 investment banking firm Morgan Stanley, noted that bitcoin is better than gold in many aspects. It has significantly higher liquidity, transportability and better monetary policy which limits its supply.
Price emphasized that a growing number of institutional and professional investors are considering bitcoin as a viable safe haven asset and in many cases, improved hedge against economic uncertainty than gold.
Similar to the analysis of prominent stock researchers and analysts from multi-billion dollar banks like JPMorgan and Goldman Sachs, Price expressed his optimism towards bitcoin and the market’s confidence in the digital currency.
As a store of value, long-term investment, a safe haven asset and a digital currency, in terms of infrastructure, liquidity and transportability, some of the largest financial institutions consider bitcoin superior to gold.