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Bitcoin the new gold


bitcoin the new gold

as low/zero return or hedge-like assets, akin to gold or certain other metals.". They are tangible assets, and you can easily own them. More recently, Bitcoin rallied on growing tensions in Asia. With gold, the market is highly unpredictable. Update: Due to an editing error, the headline of this story didn't match the content. You may have to shell out money for storing your gold safely.

Bitcoin the new gold
bitcoin the new gold

Bitcoin, 1 while still a popular financial asset, is looking less and less like a currency.
Gold has traditionally been seen as a safe haven asset by investors when uncertainty and risk is high, gold seems like a safe bet.
(For a good explanation of why people think this, read our.
Bitcoin has not recovered, fully.
The price of the crypto asset has fallen more than 12 in the last month to around 14,600, according to the most recent" on Coinbase.

Bitcoin's rising value makes it a strong investment throughout all market conditions. According to a December 2013 report in the by Kyle Caldwell, in November 2013, a single unit of Bitcoin became more valuable than the price of a gold blade runner strategy forex ounce by hitting a high of 1,242. You don't need electricity or the Internet when you have gold coins or bars. China's crackdown last year included banning initial coin offerings or ICOs and limited trading to over-the-counter markets, slowing down the process and possibly increasing credit risk. Golds use is to be owned. As the demand for Bitcoins continues to increase, given its limited supply, their value is bound to skyrocket.


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