Why Now Is the Moment for Bitcoin and Gold
On Merryn Talks Money, Ruffer fund manager Alexander Chartres and ByteTree founder Charlie Morris explain why geopolitics makes both assets desirable.
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Regular listeners of the Merryn Talks Money podcast know that Merryn Somerset Webb usually ends her interviews with one question. If you had to invest all of your money into one of these assets, and hold it for the next 10 years, which would it be: Bitcoin or gold? In this week’s episode, she makes that question the foundation for a conversation with Charlie Morris, chief investment officer and founder of ByteTree, and Alexander Chartres, a fund manager at Ruffer.
They discuss why the current geopolitical landscape means both assets are interesting to investors. According to Chartres, “we’re in a period of extraordinary regime change for markets.” Morris says most politicians running for office in the US, Europe and the UK this year aren’t talking about bringing down deficits. That, he warns, could be risky for currencies. Given this global context, if you’re building a portfolio now, Chartres says make sure it has a wider range of assets in it. Cue the excitement for Bitcoin or gold.