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When looking for financial assets that may appreciate in value over time, many different options can be explored. If Bloomberg analysts are to be believed, all one needs is Bitcoin and gold to make a steady profit.
Most of the financial markets had their key weaknesses exposed in recent months.
All You Need is Bitcoin and Gold
The COVID-19 crisis has certainly shown how feeble stocks and bonds are.
More importantly, they seemingly have no room for future profits.
Things are very different when looking into alternative investment options.
Both Bitcoin and gold are getting a lot of attention, even though they have both dipped hard in the first few months of 2020.
Bloomberg analysts firmly believe that both assets will keep gaining value throughout the remainder of the year.
Following a recent market recovery for both assets, such an outlook isnât entirely baseless either.
The analysts confirm that both gold and Bitcoin are âbuilding foundations for further price appreciationâ.
That can only come true is proper price support levels have been established, which has yet to be confirmed.
Bitcoinâs recent $700 price drop confirms that market volatility is still a factor, now perhaps even more so than ever before.Â
The coming months may prove rather crucial for both assets, either for better or worse.
Image(s): Shutterstock.com
The post Bitcoin and Gold are key Assets for 2020, Bloomberg Analysts Claim appeared first on The Merkle News.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.