Bitcoin is often referred to as “digital gold” due to the apolitical nature of its monetary policy and transactions. While gold has always existed as a hedge against various governments’ poor handling of the money supply, Bitcoin exists as a way to opt out of the traditional fiat currency system and avoid overbearing financial surveillance as the world moves closer to a cashless society. That said, the gold and Bitcoin prices do not tend to move in tandem. In fact, historical data from Coin Metrics indicates there has been effectively no correlation between the two assets over the past five years. However, if you ... (full story)