Forget Bitcoin and gold. I’d aim for £1 million like this

The performances of gold and Bitcoin have diverged significantly over recent months. The gold price, for example, has risen by 16% since the start of the year. Investors have become increasingly cautious about the prospects for the world economy, with the precious metal’s defensive characteristics holding significant appeal.

By contrast, the price of Bitcoin has declined by as much as 20% over the last three months. This follows a period of growth, which highlights the significant volatility exhibited by the virtual currency.

Looking ahead, both assets could face challenging long-term outlooks. As such, now may be the right time to focus your hard-earned cash elsewhere in order to generate a seven-figure portfolio.

Challenging prospects

The gold price could experience further growth in the near term if investor sentiment weakens further in response to concerns surrounding the global economic growth outlook. However, its potential to deliver high returns over the long run could be…