Bitcoin and gold are “too speculative” and it’s better for investors to trust the government to pay them back, claims Peter Mallouk.
Nowadays, investors have divided into two groups: cryptocurrency vs gold. After comparing all the characteristics of digital money with precious metal, they appear to have a lot of in common. For example, they are produced through mining and both are almost impossible to destroy. Gold doesn’t react with acid or lye, and can’t be oxidized. In the same way, cryptocurrencies are immutable in that it is nearly impossible to shut down all the computers within the blockchain. Also, both of them can be profitable but still be at risk of cost fluctuations. In most transactions, they should be sold or exchanged for fiat currencies or an equivalent, but it is much easier to do with digital money. However, unlike gold, cryptocurrencies are not accepted in all countries.
For those who still can’t decide in which to invest, a group of Russian entrepreneurs has launched the GoldMint platform, which operates with a digital asset GOLD that is backed with reserves of real gold or ETH.
Judy Shelton, President Trump's nominee for the Federal Reserve board of governors, has advocated for getting back to a gold standard, possibly "in a very cryptocurrency way."17395
Robert Kiyosaki predicts that Bitcoin’s price will rise nearly 100% per year over the next three years.18967
Continuing to outpace mainstream markets, Bitcoin flexes gains more than double that of gold.4117
Alex Mashinsky revealed Celsius plans to list more tokenized commodities after launching support for Tether gold last week.9068
Experts weigh in on the ongoing gold vs. Bitcoin debate: Which asset is more capable in these current times?30332
With less than three days left until the halving, Bitcoin is currently outperforming every mainstream asset class for 2020 so far.8611
BitMEX’s CEO expects that Paul Tudor Jones will bring more big investors to the crypto market by investing in Bitcoin.16122
Morgan Creek's CEO said Bitcoin could fly past $100,000 over the next year or so.13677
Tesla founder Elon Musk recently discussed current difficulties amid massive United States money printing efforts, but failed to mention Bitcoin's inflation-proof model.10952
Paul Tudor Jones, the billionaire founder of hedge fund Tudor Investment Corporation, reportedly revealed that Bitcoin is part of his portfolio.7989
Innovations in blockchain technology are changing the paradigm and even the concept of possessing gold.13451
The third decade of the third millennium is returning humanity to the gold standard, but this time it will be backed with decentralized ledger technology.11367
Coinbase published a report arguing that disruptions during the pandemic highlight Bitcoin’s advantages over gold.17560
Promises of unlimited money-printing lead the world’s largest crypto asset manager to sound the alarm to investors, promoting Bitcoin as a solution.9903