The cryptocurrency Chimera: Is Bitcoin digital or fool’s gold?

Since its first arrival on the financial scene, Bitcoin has been a topic of heated discussions, not just in the media, but also among regulators and investors. What is Bitcoin? Security? Currency? Asset? In this article, Patrick Tan, CEO & General Counsel, Novum Alpha & Novum Global Technologies, suggests that while many have likened Bitcoin to a digital version of gold, the relationship between the two is not clear at all. Is there a strong correlation or any other relationship between Bitcoin and gold? That is what we’re about to find out.

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