Bitcoin’s Rivalry With Gold Plus Millennial Interest Gives It ‘Considerable’ ...

While the cryptocurrency economy has seen significant losses across the board — losing billions during the last two weeks — a recent CNBC millionaire survey indicates that millennial millionaires have a lot of crypto. Furthermore, millennial millionaires plan to add more digital assets to their portfolios in 2022. 83% of Millennial Millionaires Own Cryptocurrency, According to Recent CNBC Millionaire Survey CNBC recently conducted a survey that shows 83% of millennial millionaires own cryptocurrency. The survey polled investors that have assets worth $1 million or more and....

Gold. The name itself is synonymous with wealth, status, precious value, and the pinnacle of all commodities extant. So much so that 98% of the world's population has never seen gold outside of the random necklace or bracelet of questionable actual content. Its scarcity, and elusiveness are legend. Thus, its incredible perceived value. Is Gold destined to reign forever, in a class of one, as the be-all-end-all of desired assets on this planet? Maybe. Maybe not. Gold vs. Bitcoin. Times are changing and changing fast! The Internet Age has brought about a new competitor, also unseen and felt....

Former Australian politician Cory Bernardi sees the demand for Bitcoin “getting stronger.” Cory Bernardi — a controversial figure the Sydney Morning Herald has referred to 'Australia’s Donald Trump' — has talked up Bitcoin in between Tweets challenging the results of the U.S. presidential election. In a Nov. 11 Tweet, Bernardi stated he had become a Bitcoin (BTC) convert “in the last couple of years” and saw the demand for the cryptocurrency “getting stronger.” He cited Bitcoin bull Anthony Pompliano’s views as being “on the ball” regarding Bitcoin.“My conclusion is it is the millennial's....

There will always be a degree of rivalry between bitcoin and gold as the "king of safe haven assets". Comparisons between gold and bitcoin continue to be drawn, even though these two assets are not exactly alike. The outlook for both speculative assets is looking quite good for now, even though it is hard to predict what will happen next. Both assets can see significant value gains throughout 2017, even though it remains to be seen if that will be the case. Demand for non-currency assets is expected to soar in 2017. With the year 2016 being quite positive for both gold and....

Welcome back to another Bitcoin News in Review, where we feature some of our biggest stories of the week on CCN. This week, we discovered that several gold companies have shown an interest in Bitcoin, that the Mt. Gox saga still isn't over, that Andreas Antonopoulos has left the Bitcoin Foundation, and more. Check out this week's Bitcoin News in Review after the break. Gold Companies are Unsurprisingly Interested in Bitcoin. Is bitcoin the new gold? Bitcoin and gold share many similarities. They are both inherently limited, have to be "mined", are deflationary, and can act as a store of....