Bitcoin, meanwhile, has been dubbed “digital gold” in the past and it’s a fair comparison with gold as they share similar characteristics. In a study conducted by Fidelity Digital Assets, it was noted that eight in 10 investors surveyed felt digital assets (cryptocurrency, tokens, Bitcoin ETF, etc) have a place in their portfolio. In both the US and Europe, exposure to digital assets has increased year over year. Current ownership of digital assets was largely dominated by the two leading cryptocurrencies: Bitcoin and Ethereum. While gold has a special place in the heart of every Indian, the return of investment on Bitcoin cannot be missed by an investor.

Source: Economic Times November 13, 2021 15:08 UTC