Data shows Bitcoin is ‘replacing’ gold as a store of value
The crypto market cap is $1.66T, a 0.74% increase over the last day.
Author: Shaurya Malwa
Bitcoin, the ‘digital gold,’ is giving the real deal a run for its money. Or at least the data shows so.
Data from Bloomberg shows investors are scooping up Bitcoin at an unprecedented rate in current times, with the cryptocurrency fast becoming a part of portfolios around the world.
Much of the push is led by investors seeking an alternative, uncorrelated asset to traditional instruments such as bonds or equities amidst fears of global inflation and a bleak economic outlook.
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Web3’s Dieter Fishbein on DeFi’s pain point and the birth of Kusama
Polkadot and Kusama turned out to be two of the biggest projects in 2020. Both are high-speed, highly secure blockchains that allow developers to issue their own projects and get funded by the network itself—a type of development that opened the doors to an entirely new technical area achievable with blockchain and crypto technology.
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