News Bites Even if Bitcoin Is The Rising Star, Gold Is Still King

(Kitco News) - Even if bitcoin – known to some as digital gold – is stealing the metal’s spotlight, one analyst points out that the cryptocurrency has a longs way to go before it catches up to bullion, at least in market cap. In dollar terms, bitcoin has surpassed gold prices by a landslide, recently hitting an all-time high above $4,000; meanwhile, gold prices continue to hover near $1,300 an ounce. However, if we look at the market cap of both these markets, gold is still king. “It's ...
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