The yoking of Bitcoin and gold is one of the strangest phenomena in contemporary markets.
On the one hand, gold is the ultimate safe-haven asset. On the other, BTC is the least so.
One is eminently importable. The other absurdly the opposite.
Bitcoin becomes pointless gold price plagiarist
David Llewellyn-Smith
Monday, 27 July 2020
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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