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CME Group’s Chief Economist: Bitcoin is An ‘Emerging Competitor’ to Gold

Amy Liu

Summary: Recently, Bluford Putnam, Managing Director and Chief Economist at CME Group, said that Bitcoin is an “emerging competitor” to gold. He said that gold’s production would increase in the coming year, putting it in stark contrast with Bitcoin’s fixed and limited supply. Besides, gold’s appeal as a universal hedge against inflation and global unrest is ...

Recently, Bluford Putnam, Managing Director and Chief Economist at CME Group, said that Bitcoin is an “emerging competitor” to gold. He said that gold’s production would increase in the coming year, putting it in stark contrast with Bitcoin’s fixed and limited supply. Besides, gold’s appeal as a universal hedge against inflation and global unrest is declining.

By Amy Liu

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