Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!

For The Love of Green Stocks

If There’s a Bitcoin Crash, You’ll Wish This Was in Your Portfolio

If There’s a Bitcoin Crash, You’ll Wish This Was in Your Portfolio

Bitcoin prices have skyrocketed 1,700% so far in 2017, reaching their all-time high of $20,089 a coin. The coin’s dramatic price surge has some members of the crypto world concerned over a potential Bitcoin crash

But Money Morning readers don’t have to worry. If a Bitcoin crash is on the horizon, we know exactly where to look to protect your portfolio: gold.

Look, we still think the cryptocurrency space is, and will be, very profitable. In fact, we have a free Bitcoin & Cryptocurrency Profit Alerts service that sends Money Morning readers moneymaking recommendations in real time.

And Bitcoin could skyrocket to $1 million just as easily as it could collapse to zero.

But if the price of Bitcoin drops to zero, we don’t want Money Morning readers losing all their hard-earned money…

Why Gold Offers the Most Protection If Bitcoin Crashes

You can’t compare a Bitcoin bubble to a stock bubble, because stock bubbles are created by driving stock prices above their actual value.

With Bitcoin, we still don’t know its actual value.

Bitcoin is less than 10 years old and could be considered everything from a store of value to a currency for everyday payments.

Also, the underlying blockchain technology that Bitcoin runs on is a modern marvel.

From securing medical records to storing land deeds, the blockchain will change our day-to-day lives.

But the 2007-2009 stock market crash shows exactly why you need to diversify your crypto portfolio and own gold.

Every investor who was in the market in 2007 knows all too well how dangerous it is to have all your money tied into one asset. From Dec. 20, 2007, to March 10, 2009, the Dow Jones Industrial Average plunged more than 50%.

But gold doubled as a portfolio protector and a profit opportunity…

From 2006 to 2010, gold prices climbed 71.07%, according to OnlyGold.com.

So not only did an investment in gold offset that 50% drop in the stock market, some investors could have actually profited during the recession with the right mix of investments.

Again, we can’t see into the future and know if or when there would be a Bitcoin crash.

But if one were to occur, we want your portfolio protected.

While Bitcoin has returned over 1,700% this year, enthusiasts believe it should be viewed as a store of value. But gold is the original store of value. If Bitcoin plunges, gold will be a natural fallback for investors seeking stability.

And according to Money Morning Resource Specialist Peter Krauth’s 2020 gold price prediction, you need the precious metal in your portfolio right now…

Here’s How High the Price of Gold Could Climb by 2020

Krauth’s newest gold price forecast has the precious metal soaring to $5,246 an ounce by 2020.

From today’s prices of $1,267.70, that’s a potential profit of 313.82%.

“The bears have been unable to quash gold,” Krauth said. “That’s why I’m looking for the next big move to the upside, and it could come right after the Federal Reserve hikes rates.”

If history is any indication, the markets are set up for a bull run.

Although currently down 5.95% from this year’s high of $1,348 per ounce on Sept. 8, every gold bull market has offered astounding returns. The median return and duration of each bull market over the last 47 years has been 451.4% and 41 months, respectively.

After the Fed raised interest rates in December, and possibly raises them three more times in 2018, the price of gold can really take off.

*This has been a guest post by Money Morning*

Related: Here’s the Answers for the Top 7 Questions About Bitcoin 

 

GSN Staff

Related Posts

Cryptocurrency: 5 Reasons You Should Consider Ethereum

Cryptocurrency: 5 Reasons You Should Consider Ethereum

Welcome. If you’re reading this article, then I’m sure you’re on your way down the cryptocurrency rabbit hole. I’ve been there, and it’s exciting. In 2009, Bitcoin and Cryptocurrencies were the silk road of the Internet. Only the Mr. Robots of the world knew about […]

Bitcoin Price: See How Much It’s Worth Now

Bitcoin Price: See How Much It’s Worth Now

The Bitcoin price soared through US$4,000 over the weekend, you’d be forgiven – if you haven’t bought any bitcoin for thinking you’ve missed the boat, that it’s too late… that the opportunity has slipped through your grasp. Relax, the opportunity is still there. But it’s meaningless if […]



Leave a Reply

Your email address will not be published. Required fields are marked *


Free Report Offer

Sign-up now to receive our free report
"7 Marijuana Stocks That Continuously Pay Out Dividends"

You have Successfully Subscribed!