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Money Observer: No, Bitcoin Isn't Gold

LONDON, 6 August 2018 – Comment from BullionVault features today in an article comparing gold with crypto-currency Bitcoin published by UK investment magazine Money Observer.

"Bitcoin couldn't be less like gold," says BullionVault director of research Adrian Ash.

"Gold's essence is its physicality and indestructability...[It] has been seen as the ultimate commodity in all cultures and ages as a store of value."

Bitcoin's only use to date, in contrast, has been "to buy illegal stuff outside of the legal monetary system."

You can read the full story at Money Observer here:

Bitcoin: is it the new gold?

Source: 
Money Observer

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