FXstreet

Global uncertainty is rising. Yet, gold isn’t rallying. Bitcoin, the new ‘gold,’ is.

Unlike gold, Bitcoin is a convenient medium of payments around the globe, though for a limited number of transactions.

Then, there’s scarcity. Bitcoin supply is expected to be capped at 21 million. The supply of gold, on the other hand, is expected to increase anytime its price rises, as that provides an incentive for gold miners to mine for gold.



To be fair, gold has its own advantages, too. It can be used as an outright gift, to make jewelry, and in manufacturing of certain products.

But these advantages aren’t enough to bring back the luster for the yellow metal as a hedge against turbulent times. Bitcoin has already taken its place.

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