Warning: Undefined array key 1 in /home/marketin/public_html/wp-content/themes/jnews/class/ContentTag.php on line 86
Warning: Undefined array key 1 in /home/marketin/public_html/wp-content/themes/jnews/class/ContentTag.php on line 86
Synopsis
Since Bitcoin has many properties of gold, parallels are drawn between the two. But calling it ‘digital gold’ could amount to oversimplification. Bitcoin is a secure store of value due to its core proposition of decentralisation, which makes it resistant to censorship. Though there’s growing demand for the cryptocurrency, Bitcoin needs to prove that it can function at scale.
After a record-breaking rally, India’s benchmark indices Nifty and Sensex dropped 1% each on Monday, tracking weak global markets. The sell-off was triggered by the fear of risk spreading out from the potential collapse of debt-laden Evergrande, China’s second-largest property developer. On the same day, Germany’s DAX and America’s S&P 500 and Nasdaq witnessed a fall of at least 2% as investors took a flight to safety. Amid China’s Lehman
BY
ET Prime
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
Sign in to read the full article
You’ve got this Prime Story as a Free Gift
₹399/month
Monthly
PLAN
Billed Amount ₹399
₹208/month
(Save 49%)
Yearly
PLAN
Billed Amount ₹2,499
15
Days Trial
+Includes DocuBay and TimesPrime Membership.
₹150/month
(Save 63%)
2-Year
PLAN
Billed Amount ₹3,599
15
Days Trial
+Includes DocuBay and TimesPrime Membership.
Already a Member? Sign In now
Get Offer
Why ?
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
-
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
-
Clean experience with
Minimal Ads -
Comment & Engage with ET Prime community -
Exclusive invites to Virtual Events with Industry Leaders -
A trusted team of Journalists & Analysts who can best filter signal from noise
Read more:Shinier than the yellow metal: why Bitcoin is more than just ‘digital gold’
