Maybe Bitcoin Is the New Digital Gold After All
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 07 2024
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Source: Barron's
Gold vs. Bitcoin Trends: Gold has seen a decline in appeal as investors shift towards Bitcoin, influenced by President-elect Trump's support for cryptocurrency and Federal Reserve Chair Jerome Powell's positive remarks about Bitcoin's potential as a digital asset.
Investment Perspectives: While Bitcoin is gaining traction and could be adopted as a national reserve currency, experts caution that it remains volatile and speculative compared to gold, which still holds value as a stable investment option.
Analyst Views on BTGD
Wall Street analysts forecast BTGD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTGD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 39.440
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Current: 39.440
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
