First Mover: Gold Is Crushing Bitcoin, But Inflation May Bring the Cryptocurrency a Boost

That’s 87 times the outstanding market value of all bitcoin ever produced, currently about $125 billion, according to CoinMarketCap. “People that have money, investment capital, they’re definitely more familiar with gold,” says Phillip Meng, who until recently was head of trading for SFOX, a cryptocurrency trading platform.That’s 87 times the outstanding market value of all bitcoin ever produced, currently about $125 billion, according to CoinMarketCap. “People that have money, investment capital, they’re definitely more familiar with gold,” says Phillip Meng, who until recently was head of trading for SFOX, a cryptocurrency trading platform.Read More