GOLD VERSUS BITCOIN
Bitcoin, the digital currency, has been going up like crazy. But is it a better store of value than gold? Last year, Bitcoin went from a little over $7,000 to over $26,000 per digital coin. On January 8, a single coin hit $40,675.80! I’ve had some experience with cryptocurrency. In 2017, I bought part of a Bitcoin at Coinbase.com, when it was valued at around $4,000. I bought a bit more when it rose to $15,000. What can I say, I’m a gambler. Unfortunately, I sold it after it crashed below $4000. Disaster! I admire those who “HODL” a Bitcoin acronym standing for “Hold On For Dear Life.” According to a deVere Group survey of their own clients, 67 percent […]
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