Is gold becoming inflationary? Can Bitcoin replace it as a store of value due to its scarcity and reliability? Are Uganda’s numbers implausible? Questions arise.
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.
Crypto advocates often refer to Bitcoin as “digital gold,” but how does BTC stack up against gold as a long-term investment?14547
Will the potential long-term bear market of 2022 begin the push for increased privacy for people exchanging cryptocurrencies?2230
Launched in cooperation with ByteTree, the new BOLD ETP by 21Shares comprises 18.5% of BTC and 81.5% of gold at launch.2467
Nothing stands in the way of Bitcoin’s latest renaissance, even as gold tumbles and the U.S. dollar checks its progress.7767
Bitcoin carves out its own trajectory as Wall Street trading gets underway in the first session after Easter.8297
The precious metal is stealing the limelight as Bitcoin languishes under $40,000 after the Easter weekend.21091
- Crypto Biz: Proof of integrity? Gold industry wants blockchain to solve its biggest problems, March 25–31, 2022
Blockchain technology is coming to the aid of another legacy financial industry. Meanwhile, the race to accumulate Bitcoin continues to heat up.3744
The investment firm made a very high valuation for BTC and gold based on the extreme case that either becomes the reserve global currency.15918
It feels like a case of "too much too soon" for many, but only a shallow retracement is expected.10188
LBMA CEO Ruth Crowell said the new blockchain-based initiative can help to promote “confidence” in the “integrity and accountability” of the gold that is traded.5930
Gold surpassing Bitcoin’s returns this year is “unlikely,” says Mike McGlone, while former BitMEX CEO Arthur Hayes predicts seismic changes for both assets in the coming years.90970
The Ukraine war is high on the Fed's list of concerns, according to a statement released with the 0.25% rate hike.8514
Rising inflation forces investors to look for defensive assets. What can the cryptocurrency market offer them?5856
PAX Gold did most of the weightlifting in pushing the gold token market cap above the $1 billion-milestone, outperforming Tether Gold.13148