Infographic: Bitcoin versus Gold

The complex digital currency “Bitcoin” has seen its market value surge in recent months, even eclipsing the value of gold at one point. This infographic, courtesy of JMBullion, explains the similarities and differences between gold and Bitcoin.

Some interesting facts and figures include the disparity of governments accepting/rejecting bitoin (e.g., Germany would legalize bitcoin to be able to tax it while Switzerland is still investigating their standpoint), Chase Bank applies for a patent for a “method and system for processing internet payments using the electronic funds transfer network” in August 2013 while the same Chase Bank publishes a patent for “bitcoin killer” in December 2013, eBay adds a “virtual currency” on its listings in April 2014.

Source: JM Bullion

bitcoin-vs-gold-infographic-June-2014

 

Receive these articles per e-mail

Subscribe for the free weekly newsletter and receive 3 papers about physical precious metals investing