Is Bitcoin Still 'Digital Gold'? How Investors See It Now

About this episode

The episode discusses the correlation between bitcoin and gold, inflation fears due to oil prices, and investment strategies in enterprise software stocks.

In this week’s episode of WSJ’s Take On the Week, co-hosts Telis Demos and Miriam Gottfried discuss why a surge in oil prices following U.S. strikes on Iran is fueling fresh inflation fears, and how the potential for a supply shock at the Strait of Hormuz could tie the Federal Reserve’s hands on interest-rate cuts. Next, our hosts analyze why we see some investors rotating back into enterprise software stocks such as Oracle and Adobe, both of which will report earnings in the coming week. After the break, Marion Laboure, senior strategist and managing director at Deutsche Bank, joins the show to explain why bitcoin and gold are no longer correlated. She breaks down the wishful thinking that drove crypto valuations, explains why she views bitcoin less as a currency and more as an asset, and discusses how investors are viewing digital assets like bitcoin and stablecoins as part of an investment portfolio. Plus, how a new section in the proposed Clarity Act has banks and crypto exchanges debating over stablecoin yields… or “rewards. This is WSJ’s Take On the Week where co-hosts Telis Demos, Heard on the Street’s banking and money columnist, and Miriam Gottfried, WSJ’s investing and…

People in this episode

Hosts: Telis Demos, Miriam Gottfried

Guest: Marion Laboure

Topics covered

• Bitcoin
• Gold
• Inflation
• Enterprise Software
• Investment Strategies
• Crypto Assets

Keywords

• Bitcoin
• Gold
• Inflation
• Enterprise Software
• Crypto Valuations
• Stablecoins
• Investment Portfolio

Mentioned in this episode

Organizations: Deutsche Bank, Oracle, Adobe

Places: U.S., Strait of Hormuz

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