Is Cryptocurrency the Green Gold?

Hong Kong, Sep 9, 2024
By Gaia Research Team.
Bio: 

The Gaia Research Team specializes in sustainable mining investments, focusing on responsible resource extraction. Committed to transparency and innovation, the Team aims to transform the mining sector into a more sustainable industry that benefits both the economy and the planet while addressing the huge supply and demand gap for critical minerals.

Gold has been a cornerstone of wealth preservation and investment for centuries, valued for its rarity, stability, and intrinsic value. However, the rise of cryptocurrencies, particularly Bitcoin, has sparked debates about whether gold’s dominance as a safe-haven asset is under threat among investors as there has been an increased level of investors using cryptocurrencies especially bitcoin as an “inflation hedge” or a store of value when facing an economy crisis or currency depreciation. Some even say Bitcoin is the “digital gold”. However, is that true?

Gold:...

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