RATE Group | Op Ed: Three Bitcoin Trends That Left Their Mark on 2019
74125
post-template-default,single,single-post,postid-74125,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
 

Op Ed: Three Bitcoin Trends That Left Their Mark on 2019

01 Jan Op Ed: Three Bitcoin Trends That Left Their Mark on 2019

Posted at 07:36h in Bitcoin News by

[ad_1]

It has been an eventful year for bitcoin. Digital Assets Data, which records, collates and analyzes cryptocurrency and blockchain transaction, value and popularity information, has identified a few essential trends as 2019 comes to an end. Here are three bitcoin trends that we’ve been following this year.

Bitcoin as Digital Gold

To begin with, anyone interested in bitcoin has, at one time or another, had to explain it to someone entirely unfamiliar with cryptocurrencies and digital assets; many of these explanations relate bitcoin to gold. The familiar comparison isn’t a rhetorical trick: There’s a real statistical correlation. 

The “digital gold” model of thinking about bitcoin makes intuitive sense. Bitcoin and gold are both limited commodities that must be mined, though the method of mining employed does differ just a bit. If bitcoin is digital gold, then it follows that bitcoin is a twenty-first-century store of value. Gold’s value is relatively stable; it doesn’t…

[ad_2]

Source link

Tags:
, , , , , ,