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Bitcoin BTCUSD Advocate Samson Mo showed off some of the diversification of funds from top-of-the-line digital currencies to gold and made a very important revelation.
Hedge your Bitcoin bet with gold
Over the past few years, there have been deep discussions and debates about the superiority of Bitcoin and gold. While many Bitcoin supporters are choosing between these two asset classes, Samson Mo has so far remained silent about his views on gold.
The Bitcoin bull shared a photo of Ouro Portugal Gold with a caption suggesting he bought gold bars on his way back from the Bitcoin Atlantis conference on the Portuguese island of Madeira.
On the way back from @BitcoinAtlantis I diversified my holdings a bit. pic.twitter.com/sAzWM5ncOQ — Samson Mo (@Excellion) March 27, 2024
Financial leaders like Robert Kiyosaki, author of Rich Dad Poor Dad, are known for favoring diversified asset portfolios with a high proportion of gold.
Gold has served as a de facto hedge against inflation and fiat currency devaluation for decades. With the advent of Bitcoin, sentiment has shifted towards Bitcoin, especially since the total supply is limited to 21 million, unlike gold, which has an unlimited supply.
While many community members have questioned the decision to bet on gold given its relative stagnation, Samsung Mo’s move falls in line with general market expert recommendations regarding portfolio diversification. Match.
Samson Mo talks about the appeal of Bitcoin ETFs
One of the main reasons Samson Mo advocated for investors and nations to buy Bitcoin was the impact of the Spot BTC ETF product. While the US market has been booming over the past two months with massive inflows into Bitcoin products, Hong Kong is also currently moving towards listing a spot Bitcoin ETF.
In another post about X, Samson Mo highlighted the appeal of the Hong Kong version. This allows for physical creation that investors can redeem with the underlying physical Bitcoin.
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