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.

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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.

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Bitcoin (BTC) $ 38,036.19 2.80%
Ethereum (ETH) $ 2,057.29 2.11%
Litecoin (LTC) $ 69.86 1.45%
Bitcoin Cash (BCH) $ 223.57 0.83%