Bitcoin $341,250!?

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Bitcoin US$341,250? This Is Not A Forecast….Well Not Yet!

 

Gold has been a disappointing investment of late. Part of the reason may be timing, but equally it may also be the growing presence of cryptocurrencies, like Bitcoin (BTC), as rival monetary inflation hedges? We argue that gold still lies below its adjusted 'fair value', even allowing for Bitcoin. But, turning the tables, if investors switched entirely to Bitcoin as their future monetary inflation hedge, the price of BTC could skyrocket through US$300,000! We conclude: hold both.

 

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