World Gold Council Blinks, Claims Bitcoin’s ‘No Replacement for Gold’

2019-5-3 23:00

By CCN: Gold may have a value of $7. 8 trillion, but it isn’t happy about giving any of that up to bitcoin, the latter of which has a market cap of $97. 2 billion. A day after Grayscale unleashed its “Drop Gold promotion, a TV commercial that garnered 100,000 views in less than 24 hours, the World Gold Council is clapping back.

Gold’s reputation as a store of value has gone pretty much uncontested for thousands of years – until bitcoin, which has earned the reputation as digital gold in addition to its use case as a currency. In a tweet,

The post World Gold Council Blinks, Claims Bitcoin’s ‘No Replacement for Gold’ appeared first on CCN

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Источник: ccn.com

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Saylor says Bitcoin will ‘eat gold’ in the coming months

MicroStrategy executive chairman Michael Saylor predicted that Bitcoin will “eat gold” in the coming months because it is a far superior asset in every way. The MicroStrategy chair made the statement during a CNBC interview on March 11, where he added that Bitcoin was not only superior to gold but all conventional assets, including real […] The post Saylor says Bitcoin will ‘eat gold’ in the coming months appeared first on CryptoSlate.

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