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Bitcoin is taking over gold’s location, while bullion ends up being the ‘new aluminum’– Max Keiser

The world’s largest cryptocurrency by market capitalization, bitcoin, is lessening the store value of gold, RT’s Max Keiser has actually stated. He thinks that bullion costs may drop dramatically as the metal loses investment attraction.

” Gold will be trading more for its worth as fashion jewelry, ornamentation or might be some electronic usage,” the veteran host stated on the most current episode of his program, including that the rate of gold might fall to just $200 or $300 an ounce rather of the present $1,800

Bitcoin has actually been drawing investors’ interest over the previous few week as it returned to a blockbuster rally last seen in 2017, when the cryptocurrency reached its all-time high.

For more stories on economy & finance go to RT’s business area

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