Published: 2019.05.28. Cryptocurrencies can be replaced, but gold is not

Cryptocurrencies can be replaced, but gold is not - Preview

Among analysts, the debate over the benefits of gold and cryptocurrency does not subside. Randy Smallwood, the head of Wheaton Precious Metals, believes that cryptocurrencies can never replace gold, and physics can easily prove it.

"The advantage of gold is that it is a physical asset that has existed for thousands of years. The cryptocurrency market is constantly changing, you need to regularly monitor its changes. All cryptocurrencies are created virtually, they can be easily replaced. Gold exists only in one variant", - this opinion expressed the expert.

Therefore, the yellow precious metal should not be afraid of competition from cryptocurrency, but the US dollar can badly spoil his blood. The US dollar continues to be the best of all the bad currencies in the world. Investors should always remember that it will end sooner or later.