Crypto or Gold: Who did the owner of 50 thousand crores call the real 'hero', who is the companion in bad times?

A current debate has gained considerable momentum: which one to invest in: gold or cryptocurrency? Investing in gold is considered a traditional investment, while cryptocurrency is a modern-day investment asset class that has consistently generated significant returns for investors over the past decade and a half. However, in the current year, Bitcoin, the world's largest cryptocurrency, has provided investors with a modest return of just over 30%. On the other hand, gold has provided investors with returns of over 50%. Furthermore, in the past five years, gold has provided investors with returns of more than three times its value. Bitcoin, on the other hand, has also provided investors with returns of three times its value.

But the question is: who is the true friend of investors in difficult times? Cryptocurrency or gold, which is the real hero? Sridhar Vembu, founder of Zoho and owner of ₹50,000 crore, has attempted to answer these questions. He has explained which of the two assets he prefers. And why he prefers that asset. Let's tell you what he said.

What does the Zoho founder believe in?
Zoho Corporation founder Sridhar Vembu has clarified his stance on long-term value. Importantly, cryptocurrencies are not in that category for him. In a recent post on the social media platform X (formerly Twitter), Vembu stated that he considers gold a more reliable and time-tested asset than crypto. His opinion comes at a time when the debate surrounding digital currencies and traditional assets like gold is growing, especially amid rising inflation and global economic uncertainty.

Is gold a reliable store of value?
Sridhar Vembu explained that he has always considered gold a safe-haven asset, especially during times when currencies are falling in value. He defines gold as "insurance against a falling currency," meaning it protects against losses when the value of paper currency decreases due to inflation or poor monetary policies. He also explained that gold has outperformed many other long-term investments, such as government bonds or treasury bills. According to him, even in volatile economic conditions, gold maintains its purchasing power over time.

Why does he avoid crypto?

Although many tech giants have embraced cryptocurrencies, Sridhar Vembu remains cautious. He openly stated that he has never been interested in digital assets like Bitcoin. His main concern is that cryptocurrencies are too unpredictable and rely heavily on complex software systems and speculative pricing. In one of his posts, he remarked that money is too important to be left to central banks or software engineers.

India's long-standing belief in gold!

Sridhar Vembu's views also resonate with the long-standing Indian mindset. In Indian culture, gold is not just a financial asset but a symbol of security and wealth. Families often buy and store gold as a form of savings, especially during uncertain times. With global gold prices reaching new heights, more and more people are turning to gold as a reliable option. Sridhar Vembu's endorsement further reinforces this traditional preference.

At a time when fintech technologies are reshaping the financial world, Sridhar Vembu's belief in gold reflects a conservative yet grounded approach. While many are shifting towards digital trends, his message is unequivocal: in this uncertain world, real value still lies in what you can hold.

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