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Investors Are Selling Crypto and Buying Gold Due to Volatility Concerns: MarketWise Survey

Bitcoin Magazine
A MarketWise survey reveals investors are selling crypto for gold due to volatility, though many plan to increase crypto holdings.

Summary

A recent MarketWise survey of 1,000 active investors indicates a growing trend of selling cryptocurrency to buy gold, driven by concerns over market volatility and past losses. While 18% reduced crypto holdings for gold over the past year, a significant 41% plan to increase their crypto exposure in the next 12 months, particularly younger investors. Volatility was cited as the primary driver by 27% of those shifting focus, with inflation concerns also playing a role. The survey highlights that 56% of digital asset investors experienced crypto losses exceeding 20%, compared to 11% for gold, leading to greater trust in gold during emergencies (60% vs. 13% for Bitcoin) and long-term value preservation (73% for gold vs. 19% for Bitcoin). Despite gold's higher returns and lower volatility over the past five years, investors still hold nearly three times more in crypto than gold, suggesting a strategy of diversification rather than abandonment. The appeal of gold lies in its history and crisis protection, while crypto is valued for innovation and upside potential. The findings suggest a rebalancing of portfolios informed by experience and economic conditions, with investors layering stability with growth opportunities.

(Source:Bitcoin Magazine)