Shinier than the yellow metal: why Bitcoin is more than just ‘digital gold’


Since Bitcoin has many properties of gold, parallels are drawn between the two. But calling it ‘digital gold’ could amount to oversimplification. Bitcoin is a secure store of value due to its core proposition of decentralisation, which makes it resistant to censorship. Though there’s growing demand for the cryptocurrency, Bitcoin needs to prove that it can function at scale.

After a record-breaking rally, India’s benchmark indices Nifty and Sensex dropped 1% each on Monday, tracking weak global markets. The sell-off was triggered by the fear of risk spreading out from the potential collapse of debt-laden Evergrande, China’s second-largest property developer. On the same day, Germany’s DAX and America’s S&P 500 and Nasdaq witnessed a fall of at least 2% as investors took a flight to safety. Amid China’s Lehman

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