As crypto aficionados, we all know that. Bitcoin is the new gold, Bitcoin is the new global store of value, etc, etc. But tell that to a Wall Street analyst and you'll get a blank face (if you're not downright ridiculed for being stupid, that is). Until now.
To my surprise, I discovered a Forbes piece (by a contributor, not a full staff editor, but still) about how and why Bitcoin is the new gold of the modern world.
Apparently, Bitcoin is more popular than gold among investors, as a hedge against rising global uncertainties. Growing mistrust of national currencies, following dubious government policies, has pushed people into Bitcoin.
The author then goes into an interesting parallel between political tensions and the rise of Bitcoin. I confess it sounds plausible. According to this analysis, the recent rise of Bitcoin is due to the increasing North Korean instability. Almost half of the entire Bitcoin trading took place in Japanese Yen a couple of days ago:
Bitcoin trade in Japanese yen accounted for close to 46 percent of global trade volume, up from about a third a day ago; trade in Chinese yuan and South Korean won accounted for about 12 percent each; and US-dollar bitcoin trade accounted for about 25 percent.
It's becoming a common thing to say Bitcoin is the new gold, but it's the popularity of this approach in mainstream media which is a bit surprising for me. Surprising in a good way.
Read the full article in Forbes here.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me 
You can also vote for me as witness here:
https://steemit.com/~witnesses
If you're new to Steemit, you may find these articles relevant (that's also part of my witness activity to support new members of the platform):