State Street warns Bitcoin craze could distract gold investors
George Milling-Stanley, the head of gold strategy at Dominion Bank, warned that the rise of Bitcoin may mislead investors to overlook the stability of gold. He believes that Bitcoin is more like a return-driven investment, while gold provides long-term stability. He also criticized Bitcoin promoters for misleading the market by using the term "mining," and believes that gold is still a more reliable investment choice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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