Bitcoin and Gold: Evaluating Hard-Cap Currencies in Times of Financial Crisis

From coindesk.com

Bitcoin’s “digital gold” narrative has stuck well, namely because of the cryptocurrency’s low issuance supply schedule and a hard cap of 21 million bitcoins. In turn, theory on how a gold-based economy would react to an external shock such as the current global pandemic lends itself into a look at a future bitcoin economy. As CoinDesk reported Monday, both bitcoin and gold rose on news of the U.S. Federal Reserve extending an indeterminate amount of aid to the private market. From a supply perspective, both assets sit still while the Fed feverishly tries to outpace COVID-19. "The Federal Reserve will ... (full story)