As bitcoin develops, the biggest cryptocurrency trades more like gold, a shop of value, as confirmed by the 2 properties' close connection with each various other this year.
This relationship is most likely to hold, said Mike McGlone, commodity planner at Bloomberg Knowledge, and the very same macroeconomic forces pressing gold higher are likely to drive bitcoin as well.
So if bitcoin is beginning to trade like gold, a store of value, and also much less like a threat possession however has a lot more upside possible, the concern comes to be: is gold still worth acquiring? McGlone reviews in this interview.
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