Investors Favor Gold Over Bitcoin During Ukraine-Russia Crisis By CoinQuora
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© Reuters. Investors Favor Gold Over Bitcoin During Ukraine-Russia Crisis- The Russia-Ukraine war shines a spotlight on gold and casts a shadow over .
- Investors favor Gold as a storage of value over Bitcoin.
- Investors prefer to invest in stable and reliable commodities instead of cryptocurrencies such as Bitcoin.
The war between Russia and Ukraine has pushed investors to rely on commodities such as gold and oil as a storage of value until the situation in the latter clears up.
There is a lot of debate around whether or not cryptocurrencies such as Bitcoin or can be used as decentralized digital forms of storage of value. Bitcoin, specifically, is regarded as the modern, digitized version of Gold, and is often referred to as Gold 2.0. However, can Bitcoin and cryptocurrencies, in general, be used to preserve the value of funds in times of crisis?
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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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© Reuters. Investors Favor Gold Over Bitcoin During Ukraine-Russia Crisis- The Russia-Ukraine war shines a spotlight on gold and casts a shadow over .
- Investors favor Gold as a storage of value over Bitcoin.
- Investors prefer to invest in stable and reliable commodities instead of cryptocurrencies such as Bitcoin.
The war between Russia and Ukraine has pushed investors to rely on commodities such as gold and oil as a storage of value until the situation in the latter clears up.
There is a lot of debate around whether or not cryptocurrencies such as Bitcoin or can be used as decentralized digital forms of storage of value. Bitcoin, specifically, is regarded as the modern, digitized version of Gold, and is often referred to as Gold 2.0. However, can Bitcoin and cryptocurrencies, in general, be used to preserve the value of funds in times of crisis?
Continue reading on CoinQuora
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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