Gold is a store of value as people buying gold now will be able to sell it in the future to buyers who actually need to use gold as a metal. Bitcoin’s value comes from the belief that it can be resold at a higher price in the future to speculators willing to make the same bet.

Gold is a store of value as people buying #gold now will be able to sell it in the future to buyers who actually need to use gold as a metal. #Bitcoin’s value comes from the belief that it can be resold at a higher price in the future to speculators willing to make the same bet.

Source

Tagged : / / / / / / / / / /

Some have postulated that investors are selling gold and buying Bitcoin. Since they have nothing in common, I doubt that’s happening. But some speculators may be selling gold stocks and buying GBTC, with gold stocks falling as gold rises, and GBTC trading up to a 25% premium.

Some have postulated that investors are selling #gold and buying #Bitcoin. Since they have nothing in common, I doubt that’s happening. But some speculators may be selling gold stocks and buying GBTC, with gold stocks falling as gold rises, and GBTC trading up to a 25% premium.

Source

Tagged : / / / / / / /
Bitcoin (BTC) $ 26,973.23 0.67%
Ethereum (ETH) $ 1,878.21 1.26%
Litecoin (LTC) $ 94.81 4.03%
Bitcoin Cash (BCH) $ 114.44 1.54%