Money Reimagined: Bitcoin’s Road to Gold
Bitcoin may not be "digital gold" just yet. But with institutions accepting the business case and the price rising, it's well on the way.
Related News
The success of a store-of-value asset, like bitcoin or gold, isn't just a matter of durability, fungibility or scarcity. It's about whether people believe in it.
Bitcoin's rising price reflects declining faith in the existing financial system. Will central bankers like Christine Lagarde take notice?
As Wall Street buys bitcoin, crypto faces a fight for its soul. On the one side is mainstream acceptance. On the other: its cypherpunk roots.
Some peculiar characteristics of Bitcoin have qualified the digital currency to substitute the position of money, currency or commodity depending on the preference of an individual. Bitcoin is similar to gold. Considering its identity as a commodity, a lot of people have considered the cryptocurrency to be similar to gold. Like gold, Bitcoin is durable, transferable, divisible, scarce, recognizable and fungible. These are the qualities that define sound money. Comparing Bitcoin to gold, Netcoins CEO Michael Vogel says that he has always viewed Bitcoin as a digital alternative to gold and....
Sushi. Yams. Hot dogs. DeFi memes may be a joke, but they point to how money is always created: community storytelling. Plus: a new podcast.