Bitcoin has become a modern Goldin Cryptocurrency, Bitcoin, News
As you may have heard Bitcoin is usually associated with gold and Litecoin with silver. It is already a wide-known fact and apparently, some economist also shares it. For instance, the manager of Old Mutual Gold & Silver Fund said it is logical that Bitcoin and gold are becoming substitutes:
“Bitcoin is paving the way for the reintroduction of gold as global money. Bitcoin was explicitly designed to be digital gold, so if you’re going to have a small proportion of a fund in Bitcoin, it should be in a gold fund because that’s exactly the point.”The fund intends to contribute around 5% to cryptocurrency reinvesting the profits into gold and silver.
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