Wall Street Veteran Dennis Gartman Chooses Gold Over Bitcoin Despite BTC’s Record-Breaking Bull Run: ‘I Prefer Centuries Bet Over Monthly Bet’
Posted On December 16, 2024
Renowned Wall Street investor and economist Dennis Gartman downplayed Bitcoin’s (CRYPTO: BTC) record-breaking run on Friday, instead preferring gold due to its long history as a store of value.
What happened: During an interview with Bloomberg, Gartman said he was surprised by the leading cryptocurrency’s climb above $100,000.
“It reminds me too much of the tulip bulb craze of 16th-century Holland and the high-tech craze of the late 1990s and early 20th century,” the Chairman of the Akron University Investment Committee stated.
“I will leave it to others to buy; I will avoid it.”
Gartman also dismissed Bitcoin’s narrative of “digital gold,” arguing that gold has been around for centuries.
“It …
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