Is Bitcoin digital gold? In this episode of ‘On Purpose, With Tyrone Ross’, we go into bitcoin stories as monetary consultants see them as well as discover the principle of bitcoin as a shop of worth.
“Saying ‘Internet Money’… What else in my portfolio is like Internet Money? Hmmm….” claimed independent financial investment consultant as well as ‘On Purpose’ host Tyrone Ross, “but when you say ‘Digital Gold’, alright… Clients can wrap their heads around the digital part, they can wrap their heads around the gold part. They probably own gold in a portfolio already, and then you can get into asymmetric returns and uncorrelated to other assets in the portfolio… Bitcoin is mined and there’s gold mining…. You can start these basic frameworks for the advisor to understand and also make it accessible to clients.”
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