Bitcoin, gold and the cash crash

Where cryptocurrencies may thrive when commodities falter

clock • 2 min read

An interesting turn in the raison d'être behind Bitcoin took place this year, writes Matthew Morris, director of Carr Consulting & Communications.

Previously hailed as the future of transactions and cross border payments, it became increasingly common to hear the crypto founding fathers describe Bitcoin as digital gold. As transaction times increased, costs soared and the value of a Bitcoin dropped, this shift to rebrand Bitcoin as a store of value seems like nothing more than sleight of hand.  And plain silly too considering its volatility. In fact, Bitcoin's closest rival and crypto cousin, Bitcoin Cash, has positioned itself as a fast and cheap alternative to Bitcoin. IW Podcast: Unravelling the hype around Bitcoin Thes...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot