Bitcoin versus gold: Which is better during outbreaks like coronavirus?

By Kitco News / February 20, 2014 / marketsanity.com / Article Link

the coronavirus, said Clem Chambers of Investorshub.com, who considers the largest cryptocurrency to be the "flight asset of choice".

"Bitcoin is now proven to be of use, because you can buy it and turn it into fiat very, very quickly and very, very easily international. So, if you had to make plans quickly, as a lot of people in Asia I'm sure are worried about being kettled in their cities, not just in China, you'd want to have the ability to take $100,000, $200,000, a million five million dollars worth of assets abroad with you," Chambers told Kitco News.

Recent News

Gold stocks down as risk on move continues

May 05, 2025 / www.canadianminingreport.com

Mixed outlook for resources on new Canadian government

May 05, 2025 / www.canadianminingreport.com

Gold's Bull Market Pullbacks

April 28, 2025 / www.canadianminingreport.com

Gold stocks down on metal drop

April 28, 2025 / www.canadianminingreport.com

Investment banks ahead of the gold price, institutions still behind

April 21, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok