The World Gold Council ruled out that the encoded currencies would be a substitute for gold in the near term, noting that the rise of the currency "Bitcoin" was the talk of the hour in 2017, highlighting the currency markets encrypted.
While the price of gold rose by 13% fixed, the price of the formative 13 times by the end of the year, leading some analysts to say that coded currencies can replace gold, and may be an essential part of the global financial system.
The Council rejected these analyzes on the grounds that gold is completely different from the coded currencies, among other things, that gold is less volatile than encoded currencies, has liquid markets, is traded under structured rules, has a well understood role in investment, and has little overlap with encoded currencies With respect to the supply and demand market.
cryptonick likes this post
It will never replace gold but it will be the store-of-value of choice for the younger generation. It's fascinating to watch!