#dropgold, cryptocurrencies are alternatives to gold
Barry Silbert, CEO of digital investment house Grayscale, has been pushing the #dropgold campaign. At the heart of this is a drive to promote digital currencies as a viable alternative to investing in gold. Samuel Wan (News BTC) explains that Silbert’s response acknowledges the fundamental differences between bitcoin and gold. He explains that the younger generation does not view gold in the same regard as previous generations. And it is this shifting opinion, on what constitutes a store of value, that will drive investment from gold into bitcoin.