Tags : Competitor

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Bitcoin an ‘Rising Competitor’ to Gold, Says CME’s Chief Economist

Bluford Putnam, chief economist and managing director of CME Group, believes bitcoin is an “rising competitor” to gold. In a CME-presented explainer video posted by Bloomberg on Wednesday, Putnam stated the yellow metallic’s ongoing manufacturing, more likely to improve in 2021, contrasts with bitcoin‘s mounted provide. The World Gold Council estimates roughly 197,576 metric tonnes […]Read More