Bitcoin is more valuable than gold — but nowhere near as stable

Submitted by Tech Insider on August 18, 2017 - 6:35pm

Bitcoin has had its ups and downs since its introduction in 2009, but it's been on a rocket-ship ride of late. On Sunday, it surpassed the $4,000 mark for the first time.

Some investors consider bitcoin a safe haven that's comparable to gold. Like gold, the digital currency isn't tied to one country or central bank. When a particular country experiences a political or economic crisis, its national currency can often take a nosedive; it's global nature and usage make bitcoin more insulated from such problems. 

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