By: Neils Christensen
(Kitco News) – Bitcoin’s wild volatility, as prices swing within a $2,000 range, is one of the reasons why the digital currency should not be compared to gold, according to one market analyst.
Bitcoin’s surge to nearly $8,000 in recent weeks has led some analysts to speculate that it is taking interest and capital away from gold, which has languished in a tight range between its 100-day and 200-day moving averages. However, George Milling-Stanley, head of gold investments at State Street Global Advisors, said that this theory is nothing but the latest urban myth.
By: Neils Christensen
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