Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Seeking Alpha 2021-10-20 12:56:00

Did Bitcoin Kill Gold's Monetary Utility?

Gold, at its core, is just another commodity and has real economic utility like other commodities. But gold has trounced other commodities historically.One explanation for this outperformance is that there is excess demand for gold because it’s become an alternative form of “money”.Gold isn’t a good form of money because it’s an antiquated type of monetary alternative in a digital economy. Cryptocurrencies fix that even though they don’t necessarily fix the inflation issue.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.