1. Gold is a useful hedge against BitcoinAny good financial advisor would tell you that it is important to diversify your investment portfolio. Diversifying into cryptocurrencies like Bitcoin is an excellent idea. However, AltcoinTrader now gives customers the opportunity to diversify into Gold on the exchange. During a recent interview, AltcoinTrader CEO Richard de Sousa said looking into the future, a lot of investors are diversifying into precious metals like Gold.
“Depending on your risk appetite, you can move between Bitcoin and Gold,” de Sousa said. He advised investors to have a percentage of their portfolio in precious metals in order to withstand the volatility of the cryptocurrency market. Listen to Richard de Sous chat to Business Day Spotlight about Gold and Silver.