Researchers and analysts continue to argue on prospects of cryptocurrencies, comparing them to traditional assets. For the last year interest of the public in cryptocurrencies has grown by 16%. For the same period interest in gold has increased only by 5%.
John Pfeffer, the serial businessman and the manager of Pfeffer Capital hedge fund, explains these figures with the fact that digital money especially Bitcoin is an excellent alternative to gold. “Digital gold” already surpasses the real metal in many parameters.