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home / news releases / GBTC - Did Bitcoin Kill Gold's Monetary Utility?


GBTC - Did Bitcoin Kill Gold's Monetary Utility?

  • Gold, at its core, is just another commodity and has real economic utility like other commodities. But gold has trounced other commodities historically.
  • One explanation for this outperformance is that there is excess demand for gold because it’s become an alternative form of “money”.
  • Gold isn’t a good form of money because it’s an antiquated type of monetary alternative in a digital economy. Cryptocurrencies fix that even though they don’t necessarily fix the inflation issue.

For further details see:

Did Bitcoin Kill Gold's Monetary Utility?
Stock Information

Company Name: Bitcoin Investment Trust
Stock Symbol: GBTC
Market: OTC

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