Bitcoin vs. gold: Two leading authorities on the precious metal unpack the inflation hedge battle

Is bitcoin the new gold?

Not according to two of the world’s leading gold authorities, but the cryptocurrency’s rise is a phenomenon they can’t help but acknowledge.

Bitcoin has outpaced gold substantially year to date, with the digital coin up nearly 133% and the yellow metal down about 4%.

The divergence calls into question whether investors are opting for bitcoin over gold as a hedge against rising inflation, but the strategist behind the world’s largest gold-backed exchange-traded fund begs to differ.