Bitcoin [BTC] is the new gold for modern-day investors, suggests Grayscale’s latest research

Bitcoin [BTC] is the new gold for modern-day investors, suggests Grayscale’s latest research
фото показано с : ambcrypto.com

2019-6-8 21:00

Bitcoin’s [BTC] entry into the financial market has finally been acknowledged by the world after a painfully long decade of proving its relevance. While recent conversation has revolved around the comparison between crypto (mainly BTC) and fiat, the crypto-ecosystem has forced the new generation of investors to re-evaluate the value of gold, in terms of wealth.

In order to better understand this shift, Grayscale’s latest research report was dedicated to understanding the mindset of the next generation of investors.

The report began with a modest argument aimed at comparing mankind’s mode of exchanging value, and how it has evolved, alongside changes in civilization. While it expanded on various aspects that determine the relevance of any currency, the report primarily focused on 7 areas, namely, scarcity, verifiability, durability, portability, divisibility, fungibility, and recognizability.

Consequentially, fiat currency played a crucial role in replacing gold as a far more convenient medium of exchange, despite the fact that investors still view gold as the ultimate store of value hedge against inflation. This is further evidenced by the strong relationship between the supply of “safe haven” currencies like the US Dollar and the price of Gold. In fact, the investment market for Gold has now ballooned to over $3.3 trillion, according to the World Gold Council.

Source: Grayscale

The graph above shows Gold’s recent performance in maintaining value and providing returns to its investors. However, the report noted that as money and payment systems evolve, Bitcoin will continue to threaten and displace Gold as the ultimate monetary asset. The report further compared the utility and characteristics of Bitcoin and Gold, against the 7 factors highlighted above.

Source: Grayscale

The report concluded with this comparison and stated,

“Bitcoin’s superior composition of “good money” qualities make it both a resilient store-of-value and an efficient medium-of-exchange. It is the new and improved “digital gold,” perfect for our interconnected, global economy.”

The post Bitcoin [BTC] is the new gold for modern-day investors, suggests Grayscale’s latest research appeared first on AMBCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68742.73 (+0.56%)
Объем 24H $31.243b
Изменеия 24h: 0.03 %, 7d: -2.19 %
Cегодня L: $68289.6 - H: $68742.73
Капитализация $1354.559b Rank 1
Цена в час новости $ 7996.49 (759.66%)

btc bitcoin investors new gold research suggests

Источник: ambcrypto.com

btc bitcoin → Результатов: 126


Long-term Bitcoin holders resume accumulation, adding almost 70,000 BTC post-downturn

Quick Take Glassnode data suggests that long-term holders who have held Bitcoin (BTC) for over 155 days are actively accumulating after offloading around 1 million BTC since late 2023. This cohort, known for selling into profits when Bitcoin reaches new all-time highs, has increased its holdings by approximately 70,000 BTC from the cycle bottom.

2024-5-14 13:40


Dogecoin (DOGE), Arbdoge AI (AIDOGE), and Others Propel Meme Coin Momentum as Bitcoin (BTC) Surpasses $70,000

As Bitcoin (BTC) has recently surpassed the $70,000 mark, the meme coin sector has been reaping the benefits of trader profit distribution. Despite the polarizing opinions surrounding the existence of memecoins within the cryptocurrency space, this sector has been outperforming other competing altcoin groups over the past week.

2024-4-11 11:30


Bitcoin (BTC) Bulls Converge on Kelexo (KLXO) Crypto Lending: Shiba Inu (SHIB) and Litecoin (LTC) Enthusiasts Predict a 40X Surge

The recent surge in Bitcoin (BTC) to a new all-time high has captured the attention of investors and enthusiasts alike, drawing significant interest in the cryptocurrency market. Amidst the backdrop of Bitcoin (BTC) record-breaking performance, other cryptocurrencies such as Shiba Inu (SHIB) and Litecoin (LTC) are also witnessing heightened activity and community support.

2024-3-14 21:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Why are Baby Boomers ditching gold for Bitcoin ETFs?

For as long as there have been markets, gold has been considered a haven in times of hardship.   But that may now be changing, with the mass exodus we have seen in recent months of investors flocking away from – not towards – gold ETFs.