http://turningpointacupuncture.com/?gj6=lotyy1h Bitcoin has often been coined ‘digital gold’ if not ‘peer-to-peer gold.’ And just last week, a highly discussed video by the digital currency asset company Greyscale added additional fuel to the ongoing dialogue surrounding this theme.
https://www.jollysailorsbrancaster.co.uk/gavya266 Prominent Bitcoin investor Barry Silbert, founder and CEO of the Digital Currency Group, parent of Greyscale offered his sentiments by tweeting:
https://www.sdepa.fr/non-classe/r6kc6n5c1u Schiff is an interesting voice in this debate. Some consider him to be a bit of a curmudgeon while in other camps, he is seen as a brilliant observer of markets.
Buy Cbd Oil Ireland He has been notorious though in his antipathy toward bitcoin. Schiff advocates for gold noting its history back to around 600 BC as evidence of its utility over bitcoin. And he often cites Adam Perlaky, Manager of Investment Research of the World Gold Council (WGC), whose report provides a thumbs up to gold’s advantages.
http://ozdare.com/2v67zxjknk Schiff says that cryptocurrency while having some remarkable periods of performance has also experienced some massive declines during periods when it should have been thriving. Specifically, he notes that it failed as a hedge when markets were in a downward spiral in 2018.
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Buy Cbd Oil Connecticut Mati Greenspan, Senior Market Analyst at eToro, one of the world’s leading social trading platform says that he is irked by the fact that this debate is even taking place.
http://www.himalayanecolodges.com/5mjk4odqn Bitcoin is often referred to as digital gold because it shares many similarities with physical gold. It’s a good analogy but we have to remember that they belong in two distinct asset classes. One is an emerging technology and the other is a traditional commodity. Though they share similar properties, the markets for the two assets are completely different.
https://www.mansmith.com/1e7cfj2mb Greenspan goes on to note that gold and bitcoin are stores of value, hedges against extended risk, and independent of central banks and governments. Both of their values, he says, are largely driven by scarcity and speculation.
http://www.cancercareinc.org/o0qb8zi4jx Schiff would likely agree with Greenspan’s views while at the same time advocating the following closing thought:
https://www.jollysailorsbrancaster.co.uk/nlqhahey While bitcoin and other cryptos may have some appeal to investors, it’s clearly not a replacement for precious metals.
http://www.himalayanecolodges.com/rzvux9qdv Do you agree with Schiff that precious metals won’t be obsolete as an investment? Share your thoughts below!