When asked about the potential reliability of cryptocurrencies compared to gold, Paul Goncharoff, chief manager of Goncharoff LLC, expressed uncertainty about whether Bitcoin will become as stable as gold.
This month, the prices of Bitcoin (BTC) and gold have both reached all-time highs. The value of an ounce of gold reached $2,222 last week, while the price of a token of the cryptocurrency surpassed $70,000 on Monday.
Senator Elizabeth Warren honored Satoshi Nakamoto with a flag over the Capitol as part of the Capitol Flag Program, recognizing the creation of the first ‘truly inclusive financial system.
The "perceived value of scarcity" of both gold and Bitcoin may have contributed to the price spike in March, according to Paul Goncharoff, chief manager of consulting firm Goncharoff LLC.In an interview, Goncharoff said that although gold is expensive and "increasingly difficult" to obtain, it has been a "secure store of value" for thousands of years.
In contrast, Bitc...
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