BLOCKCHAIN AND CRYPTOCURRENCY NOTES
No Rush From Gold to Bitcoin, Yet
Perhaps the Best is Yet to Come?
December 13, 2017
Byron Berry, CFA
Recently, there have been multiple media stories, such as this one on CNBC, saying that investors are selling gold and buying Bitcoin.
We looked at the data, and we find no evidence that this is happening on a large scale, yet. We do believe that bitcoin – and many cryptocurrencies may benefit if this does become a trend.