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Daily Archives: March 11, 2018

Is Bitcoin The New Gold?

With so much surrounding Bitcoin and the whole Cryptocurrency concept, a lot of people have begun comparing an investment in gold to investments in cryptocurrency. Before going further, it should be noted that these two are extremely different. Gold is essentially a physical store of value that will last a lifetime. Bitcoin, on the other hand, is speculative. The only way that these two might be similar is that they both subscribe to the rule of supply and demand. When there is a problem with supply numbers not meeting demands, the price of gold or Bitcoin will be affected.