RATE Group | Bitcoin and other cryptos won’t dent gold’s shine, says Morningstar analyst
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Bitcoin and other cryptos won’t dent gold’s shine, says Morningstar analyst

01 Oct Bitcoin and other cryptos won’t dent gold’s shine, says Morningstar analyst

Posted at 17:00h in Bitcoin News by

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Cryptocurrencies are a staple of most financial markets dinner conversations. The market value for the more than 2,000 individual coins is around $220 billion, well off its all-time high of $828 billion, but still 48% greater than this time last year and 1,000% higher than the beginning of 2017, according to data from CoinMarketCap.

Yet, as much as the libertarian-leaning evangelists like to tag digital currencies as the new gold, there is no risk that virtual currencies that operate on a distributed ledger will knock the precious metal off its perch, according to Morningstar analyst, Kristoffer Inton….

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