Some people invest in cryptocurrencies like bitcoin for the same reasons earlier investors bought gold. A link has been sent to your friend’s email address.
Two IT professionals in Australia are now in hot water over using government resources to mine their Cryptocurrencies. Tony Spitz has the details.
Buzz60 Some people invest in cryptocurrencies like bitcoin for the same reasons earlier investors bought gold. (Photo: Getty Images) Bitcoin has taken the investing world by storm.
Proponents argue that bitcoin is a better store of value than U.S. dollars or even safe-haven commodities like gold. Those who follow bitcoin will notice the parallels with the yellow metal.
You can mine bitcoin just like you can mine gold, and while governments can issue as much currency as they choose, there’s only a fixed amount of bitcoin that will ever exist, just as there’s only so much gold on the planet. People have even gone so far as to talk about the “gold rush” toward bitcoin, and most of the symbolic physical representations of cryptocurrency tokens have them cast in shiny gold-colored coins. Read more from usatoday.com…
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