Bitcoin is the new safe-haven asset: Analyst (cnbc.com)

in financial •  2 years ago

Bitcoin is becoming as safe a haven as gold, one investment analyst told CNBC.
Luke Graham | @LukeWGraham

The price of the cryptocurrency has been rapidly rising in recent weeks. It traded above $730 per bitcoin at the end of last week, levels not since February 2014.

According to Chris Burniske, a blockchain analyst and products lead at investment manager ARK Invest, the cryptocurrency could be referred to as digital gold, as it shares many of the characteristics that makes the precious metal a great store of value.

"Bitcoin shares those same characteristics," Burniske told CNBC in a phone interview. "[Both have an] extremely limited supply and a relatively inert state. Bitcoin and gold can both be used: for example, gold is used in electronic circuits and bitcoin is used as payment.

[Full story on cnbc.com]

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Interesting!

Congratulation for this successful post! :D
Haha. Joke apart, it's quite fun to see this post 1 year later, and see how things evolved. Positively, and just right like you said.
Cheers from Switzerland my friend.

2 years later, this is even more the truth!

After comparing this post which is already two years old our master @tombstone is very frightening where the development of bitcoin in the discussion bener true as he said this is something that is very useful for me and others I want to learn from this but for future developments maybe i do not know what to find out because i am a beginner.