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Tuesday

19 January 2021

Bitcoin 'Too Volatile' to Be Store of Value: Steve Forbes - Decrypt

Bitcoin 'Too Volatile' to Be Store of Value: Steve Forbes - Decrypt


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But while other investors have looked to Bitcoin as a store of value, the two-time Republican presidential candidate said he’s instead hitching his wagon to gold.

He also said the supply of gold increases about 2% each year on average—thanks to mining output—making it “rare but not too rare.” Though he didn’t mention that the supply of gold on earth is not, in fact, infinite and will eventually hit its limit, just as the supply of Bitcoin will

Concluded Forbes, “As Bitcoin evolves, it may well become the new gold, but that day is not yet here.”

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