Bitcoin vs Gold: The Gloves Come Off

Before Bitcoin crashed, there were a lot of articles about why Bitcoin was the new gold. What a difference a few weeks makes. With Bitcoin dropping almost 2/3rds from its high at one point, the dynamics of Bitcoin vs gold have reversed, and naysayers are out swinging for a knockout.

Last week, the G-coin website posted an opinion piece putting forward the case that Bitcoin basically can never replace gold. Though they posit that gold-plus-blockchain has a very real future – which makes sense since that’s what G-coin is. And the author obviously has a biased point of view.

The article is a fun read; though it has some tech-talk in it, any article that pulls in Alice In Wonderland quotes can always be a fun ride.  Check it out here.

 Related: Why Did the Dow Drop Recently? The Truth Will Surprise You!

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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