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The World Gold Council Says Cryptocurrency "Is Not A Substitute For Gold"

Liang CHE

Summary: According to coindesk.com, the World Gold Council, the market development organization for the gold industry, released a report last month saying that gold is "very different" from cryptocurrency. According to the association, gold has little volatility, is highly liquid in the market, and can be traded in a regulated environment. The association said that the ...

According to coindesk.com, the World Gold Council, the market development organization for the gold industry, released a report last month saying that gold is "very different" from cryptocurrency. According to the association, gold has little volatility, is highly liquid in the market, and can be traded in a regulated environment. The association said that the price of bitcoin is "very unstable", so it is not a good currency.

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