RATE Group | Bitcoin, Ether and ‘Digital Gold’
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Bitcoin, Ether and ‘Digital Gold’

20 Apr Bitcoin, Ether and ‘Digital Gold’

Posted at 03:34h in Cryptocurrency News by

Will bitcoin (BTC) move beyond “digital gold”? Is ether (ETH) viable as money? In 24 charts, CoinDesk Research shows what happened to crypto assets in Q1 2020 and examines what may emerge in the future. Download our Q1 analysis here, and join us on April 15 for a webinar discussing our findings and other relevant cryptocurrency research.

The CoinDesk Quarterly Review provides research-based insights on how the narrative has changed for blue-chips such as bitcoin and ether. We look at which assets outperformed on returns, and how the participants in crypto markets are shifting in the wake of Q1’s defining event, the March 12 plunge.

Bitcoin’s “digital gold” narrative grew up in a “bull market in everything.” Bitcoin as gold 2.0, a hedge against inflation and a safe haven in an eventual crash, was a meme investors readily understood.

Now, we’ve seen an economic crisis cause dislocation in crypto markets and push bitcoin’s price downward in tandem with stocks. Gold and…

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