For centuries now people has been using Gold as their safe haven. When a crisis hit hard and stocks starts falling down resulting in investors pulling of their monies and investments they would buy Gold as their safe haven so as to maintain the value of their money. We are now living in a new Technological Era and investors are now grabbing the new technology and investing in crypto currencies.
Investors love crypto currencies much as compared to fiat currencies because there is freedom when it comes on to how you spend your money. You wouldn't want to invest in something when the authorities are always on your back if they suspect fraudulent activities or even if they see that you are transacting large amounts.
Crypto currencies is Gold in what sense?
It is a valuable digital assets which has a limited supply and for that reason the demand will always be high and this will result in the prices going higher daily. If you just spend some few dollars and buy some crypto currencies which are still affordable, you will be rich in a few years because the market capitalization of crypto is booming now it is $2,841,326,136,730 which shows a good growth compared to previous years.
How to maintain the value of your portfolio in volatile periods?
People would say Crypto is not overtaking gold because the price can be volatile and one can lose money but well those people are not well equipped with proper knowledge.
When it comes to the crypto assets, there are stable coins which are not volatile they always maintain their value, so lets say you Bought your BTC, ETH, SYN or UNI and the price starts falling down, do not worry you just switch to stable coins e.g DAI, USDC, USDT and your portfolio balance will be safe. When Bitcoin and other Altcoins are showing bullish signs then you sell your stable coins an buy these volatile altcoin.
In a few years to come crypto currencies will be fully dominating the financial sectors because they are now on their peak and everyone is talking about them. Currently gold has a market capitalization of USD $11 trillion and Crypto market is penetrating the market and recently it crossed $3 trillion so with time it will be leading because there is freedom in crypto currencies which differs from gold where the Government is in full control and they determine whats to happen with it.
