More From World Gold Council
How Strict Is the Gold-Regulated Market?
Bitcoin (ARKW) has seen its price plunge since the start of 2018 due to news that world leaders are planning to implement regulations on digital currencies.
Is Cryptocurrency Competition for Gold?
The sudden surge in bitcoin and the cryptocurrency market made some market participants worry about the future of gold.
Where Gold’s Global Supply Could Be Headed
Supply is one feature that bitcoin shares with gold. Gold supply is also seen to be diminishing.
How Diverse Is the Demand for Gold?
According to the World Gold Council, jewelry accounts for about 50% of global gold demand.
How Liquid Is the Gold Market?
Bitcoin’s extremely volatile nature makes it difficult for it to serve as a store of value asset.
Gold’s Role as a Strategic Asset
Despite the impressive rise of bitcoin in 2017, its increased price volatility and complex mining process have limited its demand.