By: Mike Hammer
Before Bitcoin crashed, there were a lot of articles about why Bitcoin was the new gold. What a difference a few weeks makes. With Bitcoin dropping almost 2/3rds from its high at one point, the dynamics of Bitcoin vs gold have reversed, and naysayers are out swinging for a knockout.
Last week, the G-coin website posted an opinion piece putting forward the case that Bitcoin basically can never replace gold. Though they posit that gold-plus-blockchain has a very real future – which makes sense since that’s what G-coin is. And the author obviously has a biased point of view.