Preston Pysh, one of the hosts of The Investor's Podcast, has recently predicted that Bitcoin (BTC) could continue outperforming gold in the future. Hence, it looks like the cryptocurrency that started it all will take a much bigger piece of gold's pie.
Gold outperforms the S&P 500
The U.S. stock market is not running out of steam with the Dow reaching a new all-time high of 29,000. However, gold has been quietly outperforming the roaring U.S. stock market since March 2019.
As reported by U.Today, gold touched the psychologically important level of $1,600 per ounce due to mounting tensions with Iran. After the Trump administration decided to resolve the Iranian conflict with “cooler heads,” the price of gold took a nosedive.
One percent of BTC
Despite Bitcoin’s 9 mln percent rally in the 2010s, Pysh still believes that investors could allocate only one percent of their investment portfolio to BTC to pocket some stellar gains. He points to the fact that this was enough to match the returns of the other 99 percent invested in the S&P 500.
Will BTC manage to outperform the S&P 500 in the near future? Share your take in the comments!
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