digital rainbow

Bitcoin's Golden Future

It's attracting investment dollars and the digital currency's value is no less nebulous than the yellow metal's.
Photographer: Chris Ratcliffe/Bloomberg
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Could bitcoin be the next gold?

The idea has a lot of intuitive appeal. Gold bugs and bitcoin fetishists tend to share a deep distrust of fiat currency and the nation state, an impregnable bullishness about their favored asset class, and an obsessive attention to details of market movements combined with a blithe disinterest in bigger-picture issues.