logo-loader

Bitcoin Vs Gold: "Western economic system has become a house of cards"

Mining Capital's Alastair Ford talks to Proactive London's Katie Pilbeam about the surge of Bitcoin this year, at one point trading above the US$40,000 (£29,500) mark for the first time in its history after doubling its value in less than a month.

Speaking about the qualities of the cryptocurrency, Ford says "you can't dilute it, you can't make an infinite amount of it as its a limited resource which means its value is always going to be relatively easy to calculate in terms of supply and demand, the same is true of gold". 

Gold has traditionally been used as a store of value, and now Bitcoin is being viewed in the same way with the mainstream institutional investor. 

Ford says the "western economic system has become a house of cards".

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Genel Energy now more ambitious and ready to grow in 2021, after 'building...

Genel Energy PLC's (LON:GENL), Bill Higgs speaks to Proactive London about their latest trading and operational result. Higgs explains how 2020, despite being a tough year, 'set the foundation for what's ahead', and now in a position to grow in 2021, with a twelve-well drill campaign among...

50 minutes ago

2 min read