Investors Are Choosing Bitcoin Over Gold to Fight Inflation. Here's How That Could Backfire.

According to a JPMorgan Chase analyst note published on May 8, many investors are choosing Bitcoin (CRYPTO: BTC) over gold to hedge against inflation. Bitcoin exchange-traded funds (ETFs) have attracted inflows for three straight months in a row, while SPDR Gold Shares (NYSEMKT: GLD) and other gold ETFs still haven't recovered from the outflows tied to the Iran conflict.The logic is that because Bitcoin's supply is hard-capped at 21 million coins, its halvings progressively tighten new issuance to enforce scarcity. But the asset's recent performance tells a different story, and rumors of the "Bitcoin is digital gold" thesis being true are a bit overblown. Let's look at the numbers.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool