Those investing in cryptocurrencies, may want to buy gold bullion too as a hedge against the volatility of cryptos, recommends one of the world's top miners. — AFP
The astonishing rise of cryptocurrencies, including red-hot Bitcoin, just handed one of the world’s leading gold miners one more reason to urge investors to buy the age-old haven that is bullion.
"If you’re into cryptos, you want to consider having some gold, ” Newcrest Mining Ltd. Chief Executive Officer Sandeep Biswas told Bloomberg TV after the Melbourne-based company reported earnings on Thursday.
Bullion "may act as a bit of a hedge against the volatility of cryptos, ” he said.
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