Bitcoin as digital gold? A new digital asset class to consider | Learn with Luno

Over the centuries, gold has been considered as an object of value by many different groups of people all over the world. It’s important to note that gold in itself has no value – it’s just a piece of shiny metal. Its value comes from the (somewhat perplexing) fact that everyone just agreed that it has value, and therefore it becomes valuable.

As it turns out, Bitcoin share similar characteristics, and more.

To learn more, visit https://www.luno.com/learn/en/article/bitcoin-as-digital-gold #luno

Cryptocurrency is a high risk investment that’s not regulated in the UK. The value of cryptocurrency can fluctuate and you may lose your capital without recourse to financial regulators. Fees apply when you buy or sell cryptocurrency and Capital Gains Tax may be payable on profits when you sell.

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About the Author: Lynn Thomas