Gold hit $3,200 for the first time on Friday. Wei Li, chief investment strategist at BlackRock, said it was a "better diversifier" than Treasury bills.

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The price of gold has surged almost 29% this year, solidly beating the 3.8% gain in bitcoin ().Even so, that's failed to deter investors eager to add the largest cryptocurrency to their portfolios.

Gold hit $3,200 for the first time on Friday. Wei Li, chief investment strategist at BlackRock, said it was a "better diversifier" than Treasury bills.