29 Jan '17, 8am

Bitcoin is 'a great hedge against the system' and could be the new gold

Is bitcoin the new gold? REUTERS/Yuriko Nakao LONDON — Cryptocurrency bitcoin could be the new gold. Gold has traditionally been seen as a "safe haven" asset by investors — when uncertainty and risk is high, gold seems like a safe bet. (For a good explanation of why people think this, read our interview with "Made in Chelsea" start-turned-gold miner Francis Boulle. ) Bitcoin, likewise, has attracted investor attention when uncertainty and risk is high. The currency spiked on Donald Trump's shock victory in the US election and bitcoin wallet provider Blockchain had a record month as a result. "I think the world is starting to realise that, just like gold is a good hedge, bitcoin is a great hedge against the system because it’s outside the system," says Bobby Lee, the CEO and cofounder of BTCC, one of China's three biggest bitcoin exchanges. "Gold is sort of the hedge agains...

Full article: http://www.businessinsider.de/why-bitcoin-is-the-new-gold...

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Bitcoin is 'a great hedge against the system' a...

businessinsider.de 29 Jan '17, 8am

Is bitcoin the new gold? REUTERS/Yuriko Nakao LONDON — Cryptocurrency bitcoin could be the new gold. Gold has traditionall...

Bitcoin and Gold – Outlook and Safe Haven? -

Bitcoin and Gold – Outlook and Safe Haven? -

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coindesk.com 29 Jan '17, 1pm

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MMM's Bitcoin comeback - Independent Online

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iol.co.za 28 Jan '17, 10am

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