New York-based VanEck, an exchange-trade fund provider with $50 billion in assets under management, just released an overview on the current state of the leading cryptocurrency Bitcoin (BTC).
The report says the leading cryptocurrency is “on the path” to becoming digital gold, highlighting a number of use cases where Bitcoin may have the advantage over the age-old store of value.
According to the researchers, Bitcoin and cryptocurrency outperform gold in several critical areas, including portability, divisibility, transactability and programmability.
The report states that Bitcoin adoption is accelerating, highlighting BTC’s daily liquidity of more than $1.75 billion and the emergence of mainstream methods of gaining exposure to the leading cryptocurrency through platforms such as Robinhood, eToro, TD Ameritrade and CME. Read More...