Cryptocurrencies are no substitute for gold

ArticleCurencyJanuary 26, 2018 - 6:30:13 AM

Bitcoin’s parabolic price rise was the big story of 2017 putting the spotlight on the cryptocurrency market.

While gold’s performance was a solid 13%, it was a fraction of the 13-fold increase of bitcoin by the end of the year.

Some commentators went as far as to claim cryptocurrencies could replace gold. Cryptocurrencies may become an established part of the financial system...


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