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Here's why investors are buying bitcoin


To hedge his portfolio against the negative impact of this central-bank-induced inflation, Jones evaluated multiple types of potential investments, including gold, commodities, and stocks. Yet Jones believes bitcoin is the best option. He sees the cryptocurrency increasingly becoming a store of value, due in part to its advantages over gold. Bitcoin is easier to store and transfer than the precious metal. It s also more divisible.
Moreover, Jones argues that the trend away from cash and toward digital transactions favors bitcoin. The most compelling argument for owning Bitcoin is the coming digitization of currency everywhere, accelerated by COVID-19, Jones said.
Betting against the dollar ....

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