Why Bitcoin Will Eventually Outrun Gold as a Safe Haven

Why Bitcoin Will Eventually Outrun Gold as a Safe Haven

The most popular item in Korean convenience stores might surprise you.

It isn’t magazines, beverages, or ramen…

It’s gold.

Inside South Korea’s largest convenience store chain, CU, you’ll find vending machines that sell one-gram gold bars for about $80.

The chain installed the machines in April. Within days, the bars sold out.

Demand for gold bars and coins in South Korea is up 27% over the past year. And last quarter, the country saw its sharpest increase in gold purchases in more than two years.

This surge in demand has prompted other South Korean convenience stores to follow CU and roll out their own gold vending machines.

Here’s why I’m sharing this story with you…

The post-pandemic inflation surge has driven people worldwide to search for ways to protect their wealth.

Naturally, they turn to the asset that’s done this well for thousands of years: Gold.

Right now, gold is all the rage as it hits new all-time highs month after month.

Meanwhile, bitcoin is down 22% from its all-time high set in March this year… And just continues to chop sideways.

If you read crypto Twitter, Reddit forums, or the mainstream financial press, it seems like everyone is ready to throw in the towel on bitcoin.

This week, the bearish headlines started hitting the press again...

On Monday, CNBC posted a headline, “Beware of a bitcoin backslide to $50,000 as it enters historically worst month of the year.”

The next day, Forbes screamed, “‘Strap In’— Serious $40,000 Bitcoin Price Crash Warning Issued As The Fed Suddenly Braces For A U.S. Dollar ‘Crisis’ That’s Predicted To Spark ‘Total Collapse.’”

These pundits see gold making new all-time highs and are ready to jump on the bandwagon.

But what they don’t know is that gold’s recent rally is a bullish sign for crypto investors – even if you don’t own any of the yellow metal.

Inflation Pushes Gold and “Digital” Gold Higher