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  1. Start Here Investing in Cryptocurrencies © 2017 Cryptocurrencies Investing News 2 Table of Contents Why Invest in Bitcoin? ...........................................................................................................3 How to Invest in Blockchain...................................................................................................6 Why Consider Investing in Ethereum?....................................................................................9 7 Blockchain Technology Stocks ...........................................................................................12 Is Bitcoin the New Gold?......................................................................................................16
  2. Start Here Investing in Cryptocurrencies © 2017 Cryptocurrencies Investing News 3 Why Invest in Bitcoin? The price of bitcoin has reached all-time highs several times already in 2017–is now the time to invest in the cryptocurrency? As a currency, bitcoin has proven advantages. Its digital nature makes it hyper-portable, divisible, durable, and unconsumable. Its decentralization means that it isn’t beholden to the vulnerabilities of national currencies and is perfectly transferable across nations. In other words, bitcoin isn’t a currency that is kept in banks–which many believe gives the cryptocurrency leverage–because there’s no limit on how much you can spend. Other reasons include that international transactions are done relatively quickly, and that bitcoin is one of the cheaper ways to spend international payments. With that in mind, you might now be asking yourself: why invest in bitcoin? Here, the Investing News Network (INN) breaks down the essentials, what the market currently looks like and its future outlook. Why invest in bitcoin: regulations coming in place Bitcoin has come a long way since being faced with resistance from both governments and potential consumers. The US Internal Revenue Service took action in 2014 to discourage the use of bitcoins, by ruling that “general tax principles applicable to property transactions apply to transactions using virtual currency.” In practice, this means that the fluctuating value of bitcoins could trigger capital gains tax for consumers. Since then, however, it’s been reported that several US states are in the process of working on bills that accept or promote uses of bitcoin–and blockchain. One state in particular that has already passed the digital currency into law is Vermont, which Bitcoin.com states that bitcoin will now be recognized as a “permissible investment” for money transmission operations. Furthermore, CoinDesk.com reported that Arizona is also getting in on the action, having passed a bill that recognizes blockchain signatures and smart contracts. Abroad, cryptocurrency regulations are underway as well. CryptoCoinsNews alleges that India is looking to manage bitcoin, including other forms of digital currencies, as its population increases. In China, Bitcoin Magazine reported that the digital currency as a
  3. Start Here Investing in Cryptocurrencies © 2017 Cryptocurrencies Investing News 4 “virtual good” is being met with certain challenges, specifically from the People’s Bank of China. A translation of the statement from the bank reads, “Bitcoin is not a currency and shouldn’t be viewed as such. Those who invest in bitcoin should accordingly be aware of the risks it poses and protect their investment.” On that note, other reports suggest that Beijing is looking to regulate digital currency trading to prevent bitcoin platforms from becoming money laundering sites. Zhou Xuedong, operations director at the People’s Bank of China, was quoted saying, “There needs to be a clear bottom line for the management of bitcoin trading platforms and websites. A blacklist should also be set up.” “Activities such as trading or financing on margin and market measures such as commission-free trading must be banned,” he continued. Over in Japan, bitcoin has officially been recognized as a method of payment since April 1, 2017–and even saw its valuation rise above the $1 billion mark–while Russia is making steps to accept it is a method of payment. For example, the country’s largest e- commerce retailer, Ulmart, plans to acceptbitcoin as payment starting September 1, 2017. Why invest in bitcoin: soaring price Bitcoin reached its first all-time high on November 29, 2013, when it was valued at $1,137. Since then it has experienced various highs and lows, but 2017 is certainly shaping up to be the year of bitcoin. On May 10, the price of bitcoin reached its third-all-time high in just a week, rising well above $,1 800 for the first time in its history. According to CNBC, its surging price increase added $3 billion to its market cap in only four days to $29.53 billion. Overall, the bitcoin price has surged 81 percent year-to-date, up from $997 in January. If you’re still asking yourself “why invest in bitcoin?” perhaps consider this. With the rising price of the cryptocurrency over the last couple of years, bitcoin has begun rivalling safe-haven assets, such asgold and silver. Case in point, bitcoin surged ahead of the gold price for the first time ever in March 2017 (at the time, bitcoin was $1,268 while the precious metal was $1,233 an ounce). As such, analysts have even suggested that bitcoin might be the place to put your money instead of gold. Chris Burniske, blockchain products lead with ARK Investment Management, is one of them. In an interview with CoinDesk, Burniske said that global supply of the yellow metal has “clandestinely increased” one-to-two percent over the last 100 years or so.
  4. Start Here Investing in Cryptocurrencies © 2017 Cryptocurrencies Investing News 5 “If you were to ask people what gold’s supply schedule looks like over time, they probably wouldn’t draw you something that looks like an exponential curve,” he said. “With gold being sneakily inflationary, it’s not set up to preserve value in the way that bitcoin is.” Of course, there are certainly advantages to gold that bitcoin doesn’t have, and vice versa. Noted by Forbes, bitcoin supply is limited at 21 million, while gold supply increases as its price does, which could be a motivator for miners to mine the yellow metal. Still–bitcoin’s price increase is certainly impressive and worth noting–making it a clear indicator that it is here to stay. Why invest in bitcoin: market outlook Moving forward, there’s certainly a growing number of opportunities to be made in bitcoin. For those who genuinely believe in the potential of bitcoin to become a major international currency, this may constitute an excellent time to invest in the currency. Further on that, it’s possible the digital currency could become a global currency sooner than you might think, while the potential for bitcoin ETFs is looming on the horizon as well. Indeed, it’s easy to see just how much the cryptocurrency has grown in just a short amount of time (relatively speaking). With that in mind, bitcoin has certainly positioned itself as an exciting space for investors to jump into–for now, and the long term.
  5. Start Here Investing in Cryptocurrencies © 2017 Cryptocurrencies Investing News 6 How to Invest in Blockchain Interest in cryptocurrency has been on the rise. Here's how to invest in blockchain. While it’s likely that many are unfamiliar with blockchain it’s been around a lot longer than one might think. In short, blockchain is an underlying method of the digital currency, bitcoin, which allows for permanent records to be had of the blocked transactions. As described here, “at any time people can see those changes in real time,” giving blockchain a sense of transparency. As it goes with other areas in the world of technology, interest in cryptocurrencies–such as blockchain–has gained traction over time. According to Seamus Cushley, a PwC expert, over $1.4 billion was invested in blockchain startups in the first nine months of 2016. With interest in the sector growing, here the Investing News Network (INN) breaks down the basics of how to invest in blockchain so that investors can better understand how to step into this space. What is blockchain? Before asking “how to invest in blockchain,” it’s important to know what the cryptocurrency is first. As mentioned above, blockchain is technology that enabled the digital currency bitcoin to be safe and transferable. The story more ore less starts in 2008, when Satoshi Nakamoto published a paper detailing bitcoin and its ability for two people or companies to transfer payments without the need for a financial institution. To guarantee the payment a blockchain ledger was created, connecting the transactions to a digital signature. This was then verified by complex algorithms allowing the new currency to be trusted. A blockchain begins with a genesis block which births other blocks, or bundles of transactions. The parent block is always the previous block. The ‘tip’ or ‘top’ is the most recently added. Then, the chain becomes fossilized under layers of children and subsequent generations of grandchildren. More specifically, there are a number of examples of different uses of blockchain. Unsurprisingly, banking is one one of them. As noted, Swiss and UK banks have begun testing blockchain as acceleration methods as tasks in the back-end back and settlements. The publication further examples payment or money transfers, uses in cybersecurity, networking and the internet of things, and online music as areas that have begun implementing blockchain.
  6. Start Here Investing in Cryptocurrencies © 2017 Cryptocurrencies Investing News 7 How to invest in blockchain As the technology continues to grow there will be many opportunities for investors. There will be growth from banks and financial institutions that are leveraging the technology successfully. Blockchain is not a physical asset you can purchase but you can buy stock in fast growing public companies who are selling solutions leveraging blockchain technology. To that end, there are a variety of ways for investors who are looking to the answer on how to invest in blockchain, detailed below. Stocks Investing in stocks is the obvious place to start when thinking of “how to invest in blockchain.” While the list of blockchain stocks is relatively short, there are at least several for investors to choose from, including: • BTCS (OTCQB:BTCS), which is the first publicly-traded blockchain company in the US. • Global Arena Holding (OTC:GAHC), who invested in the Blockchain Technologies Corporation and is looking to applying blockchain techniques to ATM services. • HashingSpace (OTCMKTS:HSHS) is working towards providing tools needed for future blockchain technologies. • DigitalX (ASX:DCC) uses blockchain to develop fintech products to build secure ledger systems, particularly in mobile bill payments. • BTL Group (TSXV:BTL), whose blockchain services are used in a variety of industries, including banks and fantasy sports. • Coinsilium Group (ISDX:COIN) develops as well as invests in blockchain companies. It was the first blockchain company to file an IPO. • First Bitcoin Capital (OTCMKTS:BITCF) focuses on acquiring bitcoin startups and funding companies through developing bitcoin software and hardware. Crowdfunding While it may not be an immediate choice on how to invest in blockchain, crowdfunding platforms are an attractive way for investors to jump into blockchain investing. As Ameer Rosic, CEO of Blockgeeks describes, crowdfunding is an easy way for innovative projects to obtain money. This is where blockchain steps in. Rosic states blockchain crowdfunding allows startup companies to come up with their own digital currencies to sell. Examples of blockchain crowdfunding platforms include:
  7. Start Here Investing in Cryptocurrencies © 2017 Cryptocurrencies Investing News 8 • BnkToTheFuture, whose platform allows for investors to invest in fintech companies and funds. • QTUM permits the execution of “smart contracts and decentralized applications.” It also provides easy ways for standardizing the workflow of business and smart contract development. • Waves, which is a crypto-platform for token assurance, transfer and blockchain trading. Putting it simply, the increase in demand from companies who are putting blockchain at the heart of their operations and consumers demanding the faster and cheaper services blockchain enables continues to drive growth of the sector and, in turn, more opportunities for how to invest in blockchain. How to invest in blockchain: market outlook Looking ahead, blockchain’s future outlook is certainly a bright one. As research conducted by Market and Markets suggests, the blockchain market is expected to be worth $2.3 billion by 2021, representing a compound annual growth rate of 61.5 percent between 2016 and then. Another research firm, Grand View Research, suggests the market will grow to $7.74 billion by 2024, citing the financial sector continuing to adapt new technologies–and healthcare, for that matter–fuelling that growth. That said, in 2017 it’s expected that at least 15 percent of banks will adapt blockchain technologies, with that number increasing to 66 percent by 2020. In short, it’s clear to see that the cryptocurrency market is here for the long-haul, which should ease the minds of those who have been wondering on how to invest in blockchain.
  8. Start Here Investing in Cryptocurrencies © 2017 Cryptocurrencies Investing News 9 Why Consider Investing in Ethereum? Ethereum is currently one of the hottest cryptocurrencies out there, rising nearly 3,000 percent so far this year. Is now the time to invest? In terms of cryptocurrencies, most often people immediately think of bitcoin–and understandably so. Out of all the digital currencies, bitcoin currently has the largest market cap of $43.8 billion and is priced at $2,671.54. Not that far behind, however, is ethereum with a market cap of $29.7 billion–and arguably the hottest cryptocurrency on the market right now. Year-to-date, the price of ethereum has climbed nearly 3,000 percent–from $8.24 on January 1 to its high of $369.03 on June 20. While the digital currency has tumbled slightly to $325.27, there is still a strong case to be made for considering investing in ethereum. With that in mind, here the Investing News Network (INN) provides a breakdown of what the cryptocurrency is, what’s making it a hot commodity, and a look at its future outlook. Investing in ethereum: what is ethereum? Compared to its rival digital currency, bitcoin–which has been around for nearly a decade–ethereum is relatively new. According to Investorpedia, ethereum was developed to “augment and improve” bitcoin. While ethereum was proposed in 2013 by Vitalik Buterin, a cryptocurrency researcher and developer, its initial release wasn’t until July 30, 2015, with 11.9 million “premined” coins for the crowd sale. That said, the digital currency has been compared to bitcoin, although it certainly has its differences. Asdescribed by Blockgeeks, Ethereum is a publicly distributed blockchain network–much like bitcoin. That said, bitcoin is used to track the ownership of the digital currencies, while Ethereum Project describesethereum as a blockchain that runs “smart” contracts, or applications that run exactly as programmed with no downtime, censorship, fraud or third party interference. Blockgeeks further states that in ethereum, miners “work to earn” Ether, which is a crypto token that is “used by application developers to pay for fees or services on the ethereum network.”
  9. Start Here Investing in Cryptocurrencies © 2017 Cryptocurrencies Investing News 10 Investing in ethereum: the initial coin offering craze In simple terms, an initial coin offering (ICO) are funds that are raised for “a new cryptocurrency venture. Like Investorpedia states, ICO’s are generally used by startup companies to bypass the typical regulated capital-raising processes that venture capitalists or banks require. “In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually bitcoin.” CryptoCompare states that ICO’s are one of the “easiest and most efficient methods” for companies to fund projects, or for investors to “invest in projects they see value in.” So, where does ethereum fit into the ICO equation? In an email exchange with INN, Kevin Hobbs, CEO of Vanbex Group, said 2017 seen a massive increase in ICO’s, with most of them done on ethereum. “To date, there has been over $500 million in ICO investment so far this year, and growing,” Hobbs said. “Due to the need to use Ether to invest in these, ICO’s has caused the single most demand for the token, hence the incredible rise in price.” Case in point, in mid-June a start-up company raised over $150 million of ether–in under three hours–in exchange for its own token, called BNT. Similarly, another start-up called Status raised more than $100 million through an ether-ICO, while Brave–a new web browser–also raised more than $35 million in ICO that sold out in 30 seconds. Indeed, it’s easy to see that initial coin offerings are all the rage right now–and for the foreseeable future–but Hobbs said there needs to be regulations in place to protect investors. “What that will be is still in discussion,” he said. “There are many benefits to ICO’s that we don’t have in traditional funding. You get instant liquidity as the tokens are traded on exchanges, it’s inclusive and anyone can invest you don’t have to be accredited (There are some models where you do need to be), the ROI on ICO’s are much more appetizing than traditional investment.” Investing in ethereum: future outlook Looking ahead, Hobbs said that there is “no sign” of ICO’s slowing down, and that most of them are done on ethereum–which needs ether. That said, Hobbs stated that at some point, companies will “have to pay the bills” and sell their Ether for Fiat currency, which he said will result in price drop. Still, Hobbs said he expects ethereum prices to “level off” somewhere between $200-$250 before it goes up again, which could bring it to the $400-$500 range by the end of the year.
  10. Start Here Investing in Cryptocurrencies © 2017 Cryptocurrencies Investing News 11 While the price of ethereum has had a bit of a setback, its gains so far in 2017 are nothing short of impressive, and an overall sign that the price forecast for the digital currency is still “bullish”–which bring some comfort to those who may be considering investing in ethereum.
  11. Start Here Investing in Cryptocurrencies © 2017 Cryptocurrencies Investing News 12 7 Blockchain Technology Stocks Banks, financial institutions and many others are adopting blockchain technology faster than anticipated. INN takes a look at public companies taking advantage of this rapidly-growing sector. It’s getting harder to ignore the fact that blockchain is on the rise, particularly as more banks and financial institutions are adopting the technology faster than anticipated. Case in point, IBM (NYSE:IBM) released a report in 2016 suggesting that 15 percent of all banks will be using the technology in 2017. By 2020, the firm states that 66 percent of all banks will have blockchain in commercial production. On a broader scale, a Market and Markets report states that the blockchain technology market size will be worth 2.3 billion by 2021, increasing at a compound annual growth rate (CAGR) of 61.5 percent. In other words, there’s room for plenty of opportunities for investors to benefit from in this exciting–and expanding–market. Global Blockchain Technology Market’s research report is a little more conservative, projecting that blockchain technology will grow at a CAGR of 55.59 percent between 2017 and 2021. The banking and finance industries aren’t the only ones adopting blockchain technology. For example, it has been used in securing elections, and big companies are also making the leap into blockchain; Capital One has confirmed a blockchain project, partnering with Gem on healthcare claims. Putting it simply, there’s a wealth of opportunity to be had in the blockchain industry, and it’s only getting started. As such, here is a look at 7 publicly-listed blockchain technology stocks for your consideration. 1. BTCS (OTCQB:BTCS) Market cap: $1.41 million; current share price: $0.08 The first of our blockchain technology stocks is BTCS. The company is also the first blockchain-focused public company in the US, and was ahead of its time in exploring digital currency ecosystems. The company self-describes itself as an “early mover” in the digital currency ecosystems sector.
  12. Start Here Investing in Cryptocurrencies © 2017 Cryptocurrencies Investing News 13 The company’s CEO, Charles Allen, was interviewed by Bloomberg explaining the company’s mission to “gather a currency that can be spent on goods and services”, using bitcoin to buy products like televisions. 2. BTL Group (TSXV:BTL) Market cap: $114.97 million; current share price: $6.07 BTL is a Vancouver-based company that offers blockchain solutions across multiple industries–from banks to energy, and even to fantasy sports. BTL has a money transfer platform using distributed-ledger-technology and smart contracts, called Interbit. On that note, the company announced on June 5 that it is “taking steps towards a go-to production phase” of the Interbit, having completed its European energy trading pilot. As noted in the press release, the 12-week pilot included building the framework on an energy trading confirmation solution to BTL’s platform, which was tested in 8 different scenarios. “At BTL we truly believe that, by using blockchain technology and our proprietary platform, Interbit, there is a better and more efficient way for enterprises to build applications,” Guy Halford-Thompson, cofounder and CEO of BTL said. “Having demonstrated the reductions in risk and cost savings that are achievable we now have an opportunity to deliver the first successful blockchain based application to the energy market. We are also very excited that the pilot has enabled participating companies to better understand the benefits of Interbit and identify other areas in their organizations where they can apply it.” While the company’s headquarters are in Vancouver, BTL Group also operates in Calgary and Canary Wharf in London, England. 3. Coinsilium Group (ISDX:COIN) Market cap: GB$4.5 million; current share price: GB$4.13 Coinsilium Group is a London-based blockchain technology investor that develops and invests in blockchain technologies, aiding new fintech applications. The company is the world’s first recognized IPO for blockchain technology company and lists on the NEX Exchange, a recognized investment exchange as per the Financial Services and Markets Act 2000. According to its website, Coinsilium is relatively new in the blockchain field: the company has been actively involved in “accelerating seed-stage blockchain tech ventures” ever since 2014.
  13. Start Here Investing in Cryptocurrencies © 2017 Cryptocurrencies Investing News 14 4. DigitalX (ASX:DCC) Market cap: $8.48 million; current share price: $0.04 Next on our blockchain technology stocks list is DigitalX. The company develops fintech products and services using blockchain technology and a secure ledger system for the global digital payments industry, specifically in mobile bill payments and remittance. More specifically, its mobile product AirPocket provides consumers secure cross-border payments and remittances from over 30,000 payout locations in 14 countries with a heavy presence in North America and South America. 5. First Bitcoin Capital (OTCMARKETS:BITCF) Market cap: $120.83 million; current share price: $0.47 First Bitcoin Capital, fifth on our blockchain technology stocks list, bills itself as the first vertically integrated consolidator in the bitcoin and crypto-currency arena. The company is focused on the acquisition of bitcoin startups and funding companies developing bitcoin software and hardware. Although bitcoin is blockchain’s favourite child, blockchain is no longer living vicariously through it. Although blockchain is most understood as the backbone of bitcoin, it is now standing tall in different spheres of applications. With that in mind, the company is working on a number of projects, including: COinQX, Bitessentials, BitClassTravel, Bitcoin.cc & Bitcoin ATM. 6. Global Arena Holding (OTC:GAHC) Market cap: $13.63 million; current share price: $0.039 Global Arena Holding acquires companies and patents that use the blockchain crypto technology. They invested in Blockchain Technologies Corporation, a startup accelerator who have developed a patent pending voting technology. They are also working on applying blockchain technology to ATMs. Smart contracts can be used in wills, eliminating the need for estate executors, triggering a chain of events starting with verifying the death and subsequent asset distribution. CEO John Matthews claims “the Blockchain will evolve to be as crucial as the Internet itself and many time more valuable.”
  14. Start Here Investing in Cryptocurrencies © 2017 Cryptocurrencies Investing News 15 7. HashingSpace (OTCMKTS:HSHS) Rounding out the blockchain technology stocks list is HashingSpace–a company that is undergoing restructuring, the new management stated that it is going to focus on providing the tools needed to develop future blockchain technologies.
  15. Start Here Investing in Cryptocurrencies © 2017 Cryptocurrencies Investing News 16 Is Bitcoin the New Gold? Bitcoin is one of the hottest cryptocurrencies out there, and has even been compared to gold. How do the two stack up against each other? Initially, it might seem absurd to compare gold and bitcoin. One is an age-old metal, the other a relatively new cryptocurrency. However, despite these outward differences, the two stores of value actually have a lot in common. Here’s a breakdown of bitcoin versus gold, how they compare, and a look at why bitcoin might be giving gold a run for its money. Bitcoin versus gold: what is bitcoin? Bitcoin is a type of digital currency, or cryptocurrency, that is produced and held electronically. Units of the currency are created by “mining” for bitcoin on a distributed computer network. Unlike traditional forms of currency, like gold or dollars, bitcoin aren’t tied to any tangible store of value. Everything happens digitally when it comes to bitcoin. Next to being entirely digital, bitcoin’s other most distinguishing characteristic is the fact that it’s decentralized. While extra dollars can be printed by a central bank to create new money, bitcoins can only be created by a worldwide network of computers who are all mining to product more bitcoin. This means that no single bank or institution is in control of the bitcoin network, making it a particularly appealing currency during periods of political instability, inflation or insecurity. Bitcoin versus gold: how they compare As the term “bitcoin mining” suggests, there are numerous similarities between bitcoin and gold—many of them consciously self-fashioned by the bitcoin community. For one, bitcoin’s value isn’t tied to a government currency. This means that if some form of government instability does occur, bitcoin will remain unaffected or even benefit from the situation. Therefore, for individuals who are skeptical of traditional banking
  16. Start Here Investing in Cryptocurrencies © 2017 Cryptocurrencies Investing News 17 institutions, nervous of war and other conflicts, or just wants to keep their finances distinct from a fiat currency, bitcoin is an incredibly attractive option. The same, of course, can be said of gold. Mined directly from the ground, the gold’s worth is distinct from the currencies that it backs. While more money can be printed, the amount of gold available in the world is finite, making it—for some individuals—seem like a much safer investment. However, gold differs from bitcoin in that the metal has an actual use value. Meanwhile, bitcoin is only ever worth as much as the market says it’s worth. Bitcoin versus gold: transfers and fees For all of their similarities, bitcoin does have some advantages over gold. For one, it’s entirely anonymous. While this may have some possible drawbacks (for instance, bitcoin’s popular adoption on the black market), it is also a core benefit in some scenarios. This is because the digital currency is also completely transparent. A record, called the blockchain, backs up every transaction ever made, making it a useful preventative action against fraud. Furthermore, bitcoin is incredibly easy to transfer. While physically transferring gold bricks is an awkward way of exchanging value, bitcoin can be transferred in seconds online. Additionally, the transaction fees for exchanging bitcoin are miniscule compared to conventional fiat currencies, making the cryptocurrency a particularly attractive option in remittances markets. Bitcoin versus gold: long term outlook So far in 2017, bitcoin has outperformed gold–and virtually every other currency–since the start of the year. Since the start of the year, the price of bitcoin has risen from $997.69 to a high of $3,018.54 on June 11. Following that, the digital currency has taken a bit of a step back, hovering around the $2,600 mark. In total, bitcoin’s price increase represents roughly a 162.5 percent increase. Gold, on the other hand started 2017 at $1,159.20 an ounce and reached a high of $1,297.30 on June 6. Like bitcoin, the yellow metal has tapered off since then, falling somewhere near the $1,220 an ounce mark. Still, the gold price has increased roughly 5 percent since the start of the year–although not nearly as impressive as bitcoin’s price gain. In terms of how bitcoin and gold compare as long term investments, there is certainly more than enough reasons to consider one or the other–or both.
  17. Start Here Investing in Cryptocurrencies © 2017 Cryptocurrencies Investing News 18 If an investor is considering bitcoin, Spencer Bogart, analyst at Blockchain Capital, told CoindDesk, “if we think about the qualities that make gold a respected ‘money’ or store of value,’ bitcoin is actually superior in many regards.” Gold, however, is indestructible, as noted by Forbes. “Gold is also anonymous, in a way that no digital currency could ever be, even if it tries,” the article continues. “Gold is relatively easy to transport and trade,” highlighting that a kilobar of gold can easily fit into one’s pocket and is worth thousands of dollars. All told, bitcoin is never going to erase the value of gold. Rather, it’s helpful to see where these stores of value line up and diverge in order to become a more educated investor. For individuals looking for unexpected currencies or unique stores of value, both gold and bitcoin fit the bill.
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