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Bitcoin is the New Gold, a Better Safe Haven Asset: Goldman Sachs

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This article is released and Bitcoin Gold is up 55% at the time of writing this.




It could be that for those wanted to invest in the save-haven element of Bitcoin will do so via Bitcoin Gold. Those who want to invest in the payment transaction side of Bitcoin will do so via Bitcoin Cash. I think when we talk about Bitcoin's market cap we need to include not only Bitcoin but Bitcoin Cash and Bitcoin Gold. I think a true reflection of the market cap will be with all of these three combined.


I cannot think of any reason why Bitcoin Gold should jump 50% overnight. It is amazing how the media can move the price of a specific asset. I would not be surprised if this article highlighting Goldman Sachs had something or even a little amount to do with it.


The amount of power Goldman Sachs has not just in the US but around the world should not be underestimated!

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No problem. 


Bitcoin Gold is a cryptocurrency just like Bitcoin, Bitcoin Cash, Ether, Ripple and Litecoin. However Bitcoin Gold like Bitcoin Cash was created by a fork from Bitcoin back in October 2017.


It is traded exactly the same as the other cryptocurrencies. You will find it under 'Cryptocurrencies' on the IG platform. 

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