Is Bitcoin Here to Replace Gold?

Bitcoin’s ability to outperform gold in 2020 has prompted some to assert that bitcoin is the new gold.

The value of bitcoin has grown exponentially since it was introduced to the world in 2009.

Birthed out of the 2008 financial crisis, most of bitcoin’s growth has occurred in the last five years, when prices went from US$1,000 to US$57,000.

The cryptocurrency’s positive performance has been likened to that of gold, and that’s only the beginning of where the comparisons between the two begin.

Bitcoin’s ability to outperform the yellow metal following the widespread disruption that markets experienced in 2020 has prompted some to assert that bitcoin is the new gold.

The cryptocurrency’s capacity to store value and act as a hedge against inflation are some of the factors that helped push the market to a valuation of more than US$1 trillion in February.

Acceptance by the mainstream is another one of the catalysts behind bitcoin’s growth, as well as the new access points investors can use to gain a foothold in the market.

During the first three months of 2020, at least two bitcoin trusts entered the market, followed by the world’s first three bitcoin exchange-traded funds. These investment tools are opening up the market to institutional and retail investors alike.

To better understand the ways bitcoin compares to gold, and what benefits the world’s first cryptocurrency may offer investors, the Investing News Network spoke to experts about ways to access the bitcoin market, and where the sector may go next.

Click through the articles listed to learn more about the hot bitcoin market and investment tools available in the space.

Is Bitcoin Here to Replace Gold?

Bitcoin's ability to outperform gold in 2020 has prompted some to assert that bitcoin is the...

VIDEO — John Wu, Ava Labs: Bitcoin...

Driving this young investor group to bitcoin are many of the same factors that pushed their...

3 Surprising Things You Didn’t Know About...

Bitcoin's impressive price rise has made headlines over the last several months. Here's a look at...

Bitcoin: A Brief Price History of the...

In just over a decade, bitcoin has grown a cult-like following and surged to an all-time...

5 Ways to Invest in the Accelerating...

The bitcoin versus gold debate continues, but for savvy investors there are opportunities to capitalize off...

Bitcoin ETFs: The Latest Way to Access...

The meteoric ascent of bitcoin has created a lot of buzz for the cryptocurrency, as well...

Bitcoin Trusts: An Easy Way to Enter...

The bitcoin crowd has long touted the digital currency's value, but now a shift is occurring...

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Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

physical bitcoin coin amid stock chart graphics

Bitcoin futures ETFs are all that's allowed in the US, for now. One firm explains the concerns with this method.

The world of bitcoin investments received a shock with a critical approval from a US regulator, but one investment expert noted that investors need to pay more attention to the specifics.

Halfway through October the Securities and Exchange Commission (SEC) admitted the trading of a bitcoin futures exchange-traded fund, causing a ripple effect of acclaim and appreciation for cryptocurrency investments.

However, while a landmark moment for cryptocurrencies, one Canadian investment agency issued a note outlining a distinctive aspect of this approval that could affect investors in the long run.

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What are the top Canadian blockchain stocks of 2021? Here’s a look at the top five risers and what may have moved their share prices.

Click here to read the previous top Canadian blockchain stocks article.

The blockchain industry continues to mature, and has experienced more mainstream adoption in 2021. This has translated into higher share prices for the top Canadian blockchain stocks.

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Cryptocurrency ETFs are an emerging investment product that offers investors exposure to growing demand for digital currencies such as bitcoin and ether.

Cryptocurrencies offer investors an alternative route for building and storing wealth. While directly holding these digital assets is a popular option, investors are also clamoring for financial products such as cryptocurrency exchange-traded funds (ETFs).

“There is a high demand for a Bitcoin product that has all the features that people love about ETFs — that they trade on an exchange, that they’re liquid,” Ross Mayfield, investment strategy analyst at Robert W. Baird & Co., told Bloomberg in a mid-2021 interview.

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