Head of the investment firm VanEck Associates Jan van Eyck stated in an interview with CNBC that bitcoin investors are beginning to prefer gold.

According to him, in 2017 and 2018 bitcoin drew off some demand, but this year the situation is slightly different.

“We just questioned 4000 bitcoin investors and major investment in 2019 for them is gold,” said van Eyck.

With him was a joint founder of Asset Management Seymour Tim Seymour. In particular, he suggested that the use of bitcoin as a store of value can be “questionable decision”.

“We lost all the liquidity [of bitcoin], and argue about the use of cryptocurrency as a store of value difficult. The store of value is gold, and it is not discussed”, — he said.

As the newspaper notes, VanEck Associates has created the most popular gold ETFs GDX and GDXJ. According to van Eyck, unlike the stock market the stock, in recent months, these exchange-traded-products “vystupala very well.”

Discuss current news and events on the Forum