Bitcoin - Digital Gold of 21st Century?

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Is Bitcoin Really Digital Gold?

Bitcoin (BTC) has extended its eye-popping rally. It passed the US$18,000 level in the last week and is getting closer to its record high of almost US $20,000 set in December 2017. Faced with unprecedented monetary expansion and lower interest rates, some investors have sought Bitcoin as a hedge against currency debasement. Bitcoin shares some characteristics of gold such as scarcity, fungibility, and durability. Additionally, it is easily divisible, recognizable, portable and transferable, which possesses a superior composition of 'good money' qualities made for a digital global economy.

On the other hand, some people are highly doubtful about Bitcoin's prospects and treat it as a 'speculative bubble' and is unlikely to become a real currency. Another big flaw with Bitcoin is its volatility. It falls into the high-risk asset category with double-digit variation per day being common.

In this webinar, Avaneesh Acquilla, CIO at Arrano Capital, Michael Wong, Co-founder & Managing Partner at MaiCapital and Vivek Mohindra, Co-founder & Responsible Officer at Kristal.AI, discussed the evolution of Bitcoin and explored the drivers of demand and supply of Bitcoin. If you are new to cryptocurrencies, this webinar is for you.
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*All the information and discussion in this webinar are only for general reference. Making available this webinar or any marketing materials or any market or product information to you shall not, by itself, constitute solicitation of the sale or recommendation of any product. If you wish to receive solicitation or recommendation from us, please contact us and, where relevant, go through our suitability assessment before transacting.
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Crypto Trading
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