While some analysts expect gold prices to be around $1,683 in Q4/22, Mark Bristow, the CEO of Canada-based Barrick Gold Corp, believes that the precious metal currently has a little downside risk and it is a better store-of-value alternative compared to cryptocurrencies.

Bristow, who recently suggested that “no one believes in fiat anymore”, says that he still believes gold is preferable to cryptocurrencies as a hedge against inflation.