In a primitive world gold is great as currency; its only drawback being its high value. Governments keep gold in reserve because in war gold is what you pay with. Sign Up For Free Webcast: Beyond The Bubble--Investing In Bitcoin And Crypto AssetsThat use case is still in place, but what has gone away is the use of gold as flight capital. When Little Rocket Man was wrestling Big Rocket Man, gold didn’t react, but Bitcoin went off the dial every night. Now Etherium, Bitcoin, Ripple, Litecoin and a myriad of crypto will get the attention that gold once enjoyed.
Source: Forbes April 30, 2018 13:18 UTC