News Snapshot:
Financial analysts, writers and retail investors alike have flocked to bitcoin and other cryptocurrencies, like many did with US housing in 2008 and Dutch tulips in the 1600s. But few pundits have noticed the similarities between cryptocurrencies and gold, and even those who do, treat the parallel as merely a compass for setting a price target. But this parallel is ominously important. It shows that cryptocurrencies threaten state control over currency circulation, and are headed for a heavy regulatory stomp by major governments worldwide, just as was the case with gold in the past. First, like cryptocurrencies today, gold was...
