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World Gold Council: Bitcoin is No Substitute for Gold

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As the largest and most established cryptocurrency, Bitcoin has earned a reputation among many as “digital gold.” Long-term HODLers and Bitcoin proponents either compare Satoshi’s invention to the precious metal or claim that it’s better than gold. But new research from the World Gold Council says otherwise. Gold kicks Bitcoin’s sorry ass.


World Gold Council Report

In a report published on Tuesday, the World Gold Council touches upon the erratic performance of all major markets in 2018, including gold. However, it pays particular attention to quarter four, noting that gold price, unlike almost all other markets, rebounded.

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