by Jan Skoyles, TheRealAsset.co.uk
Gold is down 24% for the year, whilst bitcoin has been up by as much as 4,600% since the beginning of the year.
In a relatively short period of time people are declaring that bitcoin is gold 2.0. These declarations originate from bitcoin’s climb whilst gold drops, despite ongoing central bank easing and a distinct lack of global recovery. Conditions in which traditionally gold is expected to outperform currencies.
Is bitcoin an alternative to gold? Or is it in a bubble?
Perhaps it can be used alongside it. Should The Real Asset Company become The Virtual Asset Company? I take a quick look at the key issues surrounding the virtual currency and decide if the gold school is now too old school.
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