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Bitcoin or Gold which do you prefer?

24 Feb, 2021

The headline here today comes as Gold prices struggle to reclaim the upside so far in 2021 whilst Bitcoin has almost doubled over the same period. There is much argument and debate over the merits of either one over the other. Personally speaking gold will always hold more allure for the writer here, but it is not due to a misunderstanding on what Bitcoin is, or what it represents. Some say it is the future gold, others say it is little more than a digital Ponzi of epic proportions. Arguments for and against continue to rage, but one thing is for sure; that like it or mistrust it; it is here right now. However, it has to be noted; that it needs more liquidity and depth and cannot be used as just a discrete avenue to transport fiat money via the back door to places where it would not be allowed. That is clearly still the case. Also, when one man can shout from the roof tops one minute and lead the herd higher, only to send them scurrying the next when he expresses concern about its value. That is not good news for anyone thinking the thing is safe, because such price manipulation is not a confidence builder by any stretch. Nevertheless, Bitcoin is making some headway now today after the drubbing it received yesterday, currently trading at or near session highs, at 51,300

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