Mike McGlone, a Bloomberg strategist, predicts that gold and Bitcoin will be the top two assets for investors come 2023.
He believes that gold will remain a safe haven asset, with its price expected to exceed $2,000 per troy ounce shortly.
Meanwhile, Bitcoin will gain popularity due to its independence from the traditional banking system and its potential to provide capital protection during economic downturns – like the one that has been seen since 1929.
In the wake of the Federal Reserve’s rate hike, McGlone has noticed an upturn in bitcoin investment, despite predictions of its value decreasing. He sees this as a sign of investors continuing to buy cryptocurrency, despite a global economic climate of uncertainty.
