Gold and Bitcoin Seen as Complementary Assets Amid Sovereign Debt Concerns
In a shift in investor sentiment, Tommaso Mancuso, President and Chief Investment Officer at 3iQ, argues that gold and Bitcoin are complementary hard assets in times of sovereign debt concerns. According to Kitco News, Mancuso points out that central banks have added an average of around 1,000 tonnes of gold each year between 2022 and 2025, roughly double the yearly average recorded across the prior ten years.
Meanwhile, Bitcoin has entrenched itself further in mainstream finance via spot exchange-traded funds, corporate treasury adoption, and greater institutional involvement. Mancuso describes developed economies as confronting structurally heavier debt loads and enduring fiscal deficits, with average government debt across G7 economies anticipated to hit 123.7% of GDP in 2026, according to International Monetary Fund projections.
Growing unease about traditional sovereign assets has led to gold prices rising above $4,300 an ounce, while Bitcoin trades above $75,000 per token. Mancuso sees the unifying factor as escalating concerns about whether traditional sovereign assets can remain sustainable.