CryptoGlobe
2023-08-01 08:19:24

Cryptocurrency as ‘Digital Gold’? Not So Fast, Says State Street Strategist

In the crypto space, cryptocurrencies (especially Bitcoin) are often hailed as the “digital gold” of the 21st century. However, George Milling-Stanley, Chief Gold Strategist at State Street Global Advisors, urges caution. His firm operates the world’s largest gold exchange-traded fund (ETF), and he’s skeptical about the idea of cryptocurrencies replacing the time-tested value of gold.

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