Gold is taking back its crown from bitcoin as best defensive play, strategist says

Gold is taking back its crown from bitcoin as best defensive play, strategist says

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Gold soared to two-year highs this week as uncertainty rattled the market. The bull run isn’t over yet, says one strategist. “I am a buyer. I really do like it,” Boris Schlossberg, managing director of FX strategy at BK Asset Management, told CNBC’s “Trading Nation” on Wednesday. It’s “retaking its mantle as the key defensive asset against bitcoin, which has certainly suffered a lot over the last couple of months.” As of Thursday, gold, the traditional safe-haven asset, had risen just over 3 percent this year. Gold is taking back its crown from bitcoin as best defensive play, strategist says

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