Bitcoin has been dubbed digital gold because the cryptocurrency shares many similar attributes with the precious metal.
However, a recent situation involving a forgery crisis in the gold industry shows how one important aspect of Bitcoin gives it an enormous advantage over its physical gold counterpart and could drive more investors seeking a safe-haven or store of value into the first-ever cryptocurrency.
Investors Beware: High-Purity Counterfeit Gold Bars Flooding the Market
Gold is a shiny, precious metal that’s been used for centuries as currency, store of value, a safe haven, a status symbol, and to create ornate, expensive jewelry. However, it’s status could soon be challenged by Bitcoin, thanks to a very specific attribute the cryptocurrency features over gold. Read More...