Bringing Cryptocurrencies Up to the ‘Gold Standard’98.19

In 2017, when the price of Bitcoin reached parity with gold (by the ounce), cryptocurrency grabbed the attention of gold investors around the world for the first time. The parity, however, was short-lived, as Bitcoin has drastically dropped in value since. In 2018 so far, Bitcoin has shed its price by more than 50 percent at times from its year-end price of $13,000 in 2017.

The age-old stability of gold, however, has survived the trials of time, consistently providing real value to all investments. Gold prices have been on an upward climb since 2011, and are expected to provide a profit opportunity of 300 percent by 2020 as investors flee to gold as a safe haven from market uncertainty and political turmoil.

Original source
https://cryptoslate.com/bringing-cryptocurrencies-up-to-the-gold-standard/

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