Is Bitcoin An Effective Substitute For Gold ?

6 min read

During the first week of March this year, a momentous event took place – the price of bitcoin surpassed gold price on a per-unit basis for the very first time. Although this was largely an arbitrary occurrence, given that one bitcoin has no meaningful relationship to one troy ounce of gold, it was nevertheless a mark of how far this new, hotly-debated digital currency had come during its eventful eight or so years in existence. Since then, of course, bitcoin has tripled in value, and is currently sitting at its all-time highs. A growing chorus of analysts now predict that…...

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Dr Justin Chan Dr Chan founded (DDI) and is the CEO for JCube Capital Partners. Specialized in strategy development, alternative data analytics and behavioral finance, Dr Chan also has extensive experience in investment management and financial services industries. Prior to forming JCube and DDI, Dr Chan served in the capacity of strategy development in multiple hedge funds, fintech companies, and also served as a senior quantitative strategist at GMO. A published author at professional journals in finance, Dr. Chan holds a Ph.D. degree in finance from UCLA.