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Bitcoin no threat to gold, says WGC's Reade

The meteoric rise of Bitcoin late 2020 and early 2021 spawned a flurry of articles dubbing it the “new gold”, but the World Gold Council insists the cryptocurrency poses no threat to the yellow metal.

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Bitcoin is no threat to gold, says the WGC

Speaking at the virtual World Gold Forum on Wednesday, the WGC's chief market strategist John Reade said while cryptocurrencies were "potentially very interesting and exciting […] we don't