RATE Group | Bullish for Bitcoin? World Gold Council Report Shows 61% Trust Hard Money Over Fiat
68550
post-template-default,single,single-post,postid-68550,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bullish for Bitcoin? World Gold Council Report Shows 61% Trust Hard Money Over Fiat

14 Nov Bullish for Bitcoin? World Gold Council Report Shows 61% Trust Hard Money Over Fiat

Posted at 01:27h in Bitcoin News by

[ad_1]

A new report by the World Gold Council shows that there is global demand for harder forms of money than fiat currencies. Such demand points to a bright future for Bitcoin given that it represents an even harder form of money than the precious metal.

A total of 61 percent of those surveyed in the report said that they trusted gold more than they did fiat currencies. Historically favoured for its somewhat limited supply, the only thing going for gold and not Bitcoin is time.

WGC Report Shows Wide Understanding of Fiat’s Shortcomings, Bitcoin set to Benefit (Eventually)

The recent World Gold Council report asked 18,000 individuals from around the world for their investment preferences. It shows that gold remains one of the most popular forms of investment globally. Savings accounts are by far the most popular, with life insurance next, and gold in third place.

[ad_2]

Source link

Tags:
, , , , , , , , , , ,