The head of investment firm VanEck Associates, Jan van Eyck, said in an interview with CNBC that bitcoin investors are beginning to prefer gold.
According to him, in 2017 and 2018, Bitcoin drew off some demand, but this year the picture looks slightly different.
“We have just surveyed 4,000 bitcoin investors, and the main investment in 2019 for them is gold, ” said van Eyck.
Tim Seymour, founder of Seymour Asset Management, was in solidarity with him. In particular, he suggested that using bitcoin as a means of preserving value can be a “dubious decision”.
“We have lost all liquidity [of Bitcoin], and it’s difficult to argue about using cryptocurrency as a means of preserving value. The means of preserving value is gold, and this is not being discussed, ”he said.
As the newspaper notes, VanEck Associates has created the most popular on the market gold exchange-traded funds GDX and GDXJ. According to van Eyck, in contrast to the stock market, in recent months these stock products have “performed very well”.
Recall that last week, Jan Van Eyck announced that the company will re-submit a request to launch Bitcoin-ETF.
Subscribe to BlockchainJournal on Facebook !
BlockchainJournal.news
BlockchainJournal.news
