Which Profit is it, Real Gold or 'Digital Gold' Bitcoin cs?
Then for millennials, what kind of investment is the most suitable, should you buy real gold, namely Antam gold or is it better to try buying crypto?
Senior Analyst & Consultant of Infovesta Kapital Advisori, Praska Putrantyo, said that the trend of real gold and 'digital gold' has been in line lately.
Based on the graph for the last 5 years, he said the performance of these two commodities was quite significant.
"Bitcoin in percentage accumulation has increased 8 times in the last three years," he said in CNBC Indonesia's InvesTime, Thursday night (11/11/2021).
Meanwhile, gold has also experienced an upward trend, according to him, in the last 3 years, from September 2018 to October 2021, the increase was almost 50%.
According to him, the attractiveness of gold will depend on the existing economic conditions, considering that gold is usually used as a hedge.
"[As for] Bitcoin, it is quite interesting because in addition to the familiarity of crypto and other small ones [ethereum, cardano, etc.], there are quite a few familiars, so there is great interest in trying the crypto world," he explained.
He further said that gold was dominated by macroeconomic conditions. Gold is widely chosen to anticipate economic uncertainties such as what happened in 2019.
"So indeed the drivers are a bit different, crypto is directed to short-medium speculative," he continued.
In terms of security, according to him, fundamentally, gold is relatively safer. While bitcoin has high volatility. According to him, currently several countries are already using bitcoin, although some countries also prohibit it.
"In the use of the ecosystem is possible so I go back to the beginning. Gold is more stable."
He advises bitcoin investors to avoid euphoria, but invest with consideration for the market and short and long term projections according to the investment horizon.
"Be careful not to expect bitcoin in the long term to be like it used to be, but for the long term it's not necessarily the case," he said.
Referring to the data from the precious metal site, Antam's gold price is currently still going fast this week, following the world gold price which shot up after the release of inflation data in the United States (US).
The price of gold bullion produced by PT Aneka Tambang (Antam) Tbk. This is the highest level in the last 5 months.
The price of gold bullion today rose to Rp. 5,000/gram. Gold weighing 1 gram is sold for Rp. 956,000/bar or an increase of 0.53% compared to yesterday's price. This gold is now 4.6% from IDR 1 million/bar, which was last achieved in November last year.
As for today, the price of the majority of cryptocurrencies (cryptocurrencies) with market capitalization above US$ 30 billion (equivalent to Rp. 428 trillion, exchange rate of Rp. 14,250/US$) is observed to strengthen.
Bitcoin and ethereum prices tend to be stable after having declined from their new highs on Wednesday (11/10/2021).
Launching data from CoinMarketCap at 09:00 WIB, bitcoin rose 0.43% to a price level of US$ 65,193.41/coin or equivalent to Rp. 929,006/093/koin, ethereum rose 3.65% to a level of US$ 4,789.81 /coin or Rp 68.254.793/coin.
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