BITCOIN BEST AS ‘DIGITAL GOLD’
Cryptocurrency experts reckon that Bitcoin is best used as ‘digital gold’, according to The Times.
In other words, a “store of wealth and a safe haven in times of turmoil, in the same way that physical gold has been used for centuries,” the paper adds.
The Times reports, though, that “detractors say that Bitcoin cannot function as such because it is too volatile.
“Before the recent crash, Bitcoin’s volatility had been in steady decline, leading to hopes that it was maturing as an asset and that its new mandate could soon be fulfilled.”
However, for some, those hopes were recently ‘dashed’ as the price dramatically dipped.
