jewelry for sale wholesale Can Bitcoin and Gold really be compared with?

australian opal jewelry wholesale Not only does gold and bitcoin have nothing to do, they even represent different assets. It is not possible to compare Bitcoin and gold as apples and oranges.
Couver and Shelley Goldberg, a well -known investment consultant who worked in Brevan Howard Asset and ROUBINI GLOBAL ECONOMICS and she believes that as an analogy, it is like Soy Futures and Intel Stocks. Many people may think that gold and bitcoin are currency because they can be used to buy goods and services. Or, both are commodities, because trading commodity futures need to meet the minimum standards of account opening funds, as well as compliance with relevant futures and option contracts. But gold is a product, and Bitcoin and blockchain are technology.
What unit is measured by abstract things?
Stefan Weiler, Vice President of GOLDMONEY, global financial services and technology companies, believes that gold is real and has a natural advantage of physical measurement, not abstract artificial currency, including legal currency. Therefore, gold has measured quality and weight to determine its unit (gram, Troy ounce, etc.). But Bitcoin does not have this feature. Weiler pointed out that "abstract things can only be measured by the units you set." Therefore, the value of the Bitcoin and the value of gold cannot be compared at all.
estefan has worked in the world's top financial institutions for more than ten years. He has served as director of Goldman Sachs Advanced Commodity Strategy Director and the BBL research director of the commodity hedge fund. In 2014, the hedge fund won 51.3%of the return and won the crown of the "New Fund of the Year".
weiler explains this problem through the strict comparison of units between Bitcoin and Gold:
Is when comparing gold units and bitcoin units, which unit must be measured first, it is gram ... kg. .. or ton? Or ode? Weiler uses the market value of the two companies (NASDAQ: AAPL) and Seaboard (NYSEMKT: SEB) to explain how the unit size/amount distorted the price: compare the Bitcoin of 1 unit and 1 ounce gold of gold. The price is a bit like comparing Seaboard ($ 4,179 per share) shares and Apple's shares ($ 116 per share), and concluded that Seaboard's market value is about 35 times the market value of Apple. It is obviously not that the stock price of the two companies does not consider the issuance of the issuance of the issuance (ie, the unit) is obviously not good. Weiler believes that similar gold and Bitcoin will have similar situations.
Neither of the two is currency
According to the definition, currency is a means of exchanging medium and a widely accepted circulation payment method. Gold is attributed to commodity currency to a large extent to trace back to the early days of capitalism. At that time, people could use gold to change cows. But this model does not play a great role, because gold often shortages. Gold is a trading tool and asset -supported currency, because it can be exchanged for a certain number of dollars, but if you take the gold block to the grocery store to buy things, the grocery store will not be sold to you. Unless it is time to return to the Bretton Forest system with a fixed exchange rate, the gold is actually linked to any currency without any currency.
There is no doubt that Bitcoin is becoming a payment method that can be accepted both offline and online, such as offline store Home DEPOT, online transactions, such as Expedia. Many countries have accepted this way. Methods, such as Estonia and Denmark. But it is still not widely accepted by the world.
The currency is legal, which means that Congress uses it in monetary policy. The Fed can print as many dollars as possible to stimulate the economy. At present, more than 50 banks in the world have joined the R3 blockchain alliance, but Bitcoin does not depend on third parties such as government and banks.
Different from currency, gold and Bitcoin are limited supply. The golden supply of the earth is determined to go to the underground storage volume, and the upper limit of Bitcoin's creation is 21 million.
goldberg believes that although the value of Bitcoin is super gold, Bitcoin and gold are still comparable.
This is not irreplaceable.
The first use of gold was around 700 BC, and then there was no more thing that had the same attributes as gold and was found or created. Metallurgomeians have refined the alloy of appearance and feeling like gold, but they are not gold because they are not satisfied with the standard of physical delivery. On the other hand, Bitcoin has numerous alternatives, because countless "Altcoin" cryptocurrencies have sprung up and challenged it, such as Ethereum that follows Casper rules.
According to, the market value of 3694 cryptocurrencies reached 27.8 billion US dollars. Of course, Bitcoin has an overwhelming market share, but who knows what other crypto electronics currency will be popularized or some technologies will challenge and destroy the current market in the future. Not long ago, there were many Bitcoin stolen on the MT. GOX exchange. Last summer, a project that used blockchain technology was lost by millions of dollars. So there is room for improvement.
Gold is a commodity. Bitcoin is not
"In other words, gold is a commodity, and Bitcoin is not. Gold is a basic product or hard asset that can be used in business, and can be used as materials to produce other products. People can also use gold for physical delivery, and then can be made into some other forms for use. Although Bitcoin is stored, it is not physics, cannot be held, felt or transferred. "Goldberg said Essence
Both Bitcoin and gold have a hedging attribute?
For centuries, gold has been regarded as a hedge asset or for hedge inflation, but this attribute is not long -lasting, because many substitutes appear, such as Swiss francs, such as TIPS. And Bitcoin is different. In fact, China ’s largest Bitcoin Exchange recently stopped withdrawal with the pressure of the People's Bank of China because it was worried that Bitcoin would be used to transfer funds to abroad. Bitcoin has not experienced inflation since its birth to the world, so its anti -inflation attributes have not yet been verified.
, but they still have similarities. Shelley Goldberg believes that Bitcoin and gold are rare, and their prices may fluctuate, and each is used as alternative investment in confidence that lacks legal currency and monetary policy. Bitcoin transactions are not as easy as gold, because people must purchase bitcoin through online trading platforms, or invest in Bitcoin trusts that trades outside the market. There may be a Bitcoin ETF soon, because the US Stock Exchange (SEC) is considering a proposal to launch an exchange trading fund (ETF) supported by Bitcoin. The final decision will be made before this Saturday.
On February 14th, SEC officials met with Tyler and Cameron brothers of the Bitcoin ETF, and discussed the above proposals together. The market is expected to attract a large amount of capital investment once Bitcoin ETF is listed, which can reach at least $ 300 million. With this progress, Bitcoin will become a easier transaction.
Cocurrency supporters believe that Bitcoin is a medium for future exchange and storage value. However, when measured only downward deviations instead of standard deviation, the volatility of Bitcoin is a problem. "This method can better display the risks after Bitcoin has been widely adopted after currency," Weiler said.

In his analysis, Weiler believes that "the volatility of Bitcoin exceeds the volatility of gold and currency.
weiler believes that the short -term performance of Bitcoin is impressive. However, compared with gold and precious metals, it still has serious limitations in terms of utility and savings. At the same time, shelley Goldberg also believes that the relative value of Bitcoin except for speculation. It is expected that Trump will relax the US financial supervision environment, as well as China, India, Venezuela and other countries that have tightened the supervision of Bitcoin. Therefore, with the unstable currency of emerging markets, the uncertainty of the Trump policy And the expectations of the stock market, there are still good reasons to buy gold.

gold jewelry wholesale atlanta georgia Of course, Bitcoin is just a virtual currency after all.