Bitcoin has long been referred to as digital gold, due to the crypto asset sharing many attributes as the precious metal that’s often used as a safe haven during economic distress.But with a recession looming, and fears mounting by the day amidst a global pandemic and stock market selloff, that digital gold narrative should be…
Bitcoin will never supplant the US dollar, believes Joe Weisenthal of Bloomberg Markets. The chief editor today invited bitcoin evangelists to fight his belief as the cryptocurrency soared towards the $10,500 valuation. He shared excerpts from their Bloomberg newsletter, which showed an unnamed author discussing how bitcoin supporters project it as a solution to almost…
Bitcoin has often been referred to as ‘digital gold’, even more so in recent times when economic woes have been driving investors to safer havens. Industry experts have been weighing in with their own take on the narrative and BTC’s status as a store of value. Is Bitcoin Digital Gold? According to a report from…
Bitcoin has been pitched as, and has the potential to be a lot of things: a global crypto currency; a store of value; and digital gold. However, as one of the world’s most prominent precious metal-focused investment firms drops crypto as a whole, Bitcoin’s positioning as digital gold may be in trouble. Goldmoney Drops Crypto,…