[전문가 코멘트] Consider investing in gold to hedge cryptocurrency volatility-CEO of Nucres Mining

[뉴욕=박재형 특파원] A representative of a bitcoin mining company expressed the view that cryptocurrency investors need to invest in gold to avoid the risk of cryptocurrency prices such as very unstable bitcoin.

Sandiff Biswas, CEO of Nucres Mining, who appeared on Bloomberg TV on the 11th (local time) said it was necessary to consider investing some of its assets in gold to protect itself from the severe volatility of cryptocurrencies like Bitcoin. .

He pointed out that the overall trend in gold prices remains strong amid global inflation concerns triggered by the government’s stimulus program to respond to COVID-19.

Despite the strong volatility of the cryptocurrency market, gold prices have steadily risen amid the weak dollar caused by the US economic stimulus, and are trading at $1842, up 0.1% in the last 24 hours.

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