by Brittany Stepniak, Wealth Wire:
Fear has motivated hundreds-of-thousands of people to invest in gold bullion in the past decade amidst a slew of unfortunate economic events.
People are now convinced that gold is the one true real currency; a safe-haven from the ever-looming adverse affects of deflation. Those people want protection from a potential collapse of the dollar in an otherwise unprofitable economic environment.
But recently, a new currency has stolen some of gold’s spotlight. It has captured the hearts of many Internet-savvy consumers…
The bitcoin is a virtual, digital currency created in 2008 by pseudonymous developer Satoshi Nakamoto. This year, the bitcoin became a global phenomenon and hit an all-time high, topping $200, on April 9, 2013. In intraday trading, it soared all the way to $240.11.
People are smitten by bitcoins because they are free from the control of central banks and represent the ideology of a true “free-market.”
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