In only 10 years of existence, bitcoin has managed to reach a market capitalisation of US$1,000 billion ($1,342 billion). By way of comparison, gold only reached this level in 1999 and currently stands at 10 times this capitalisation: is the differential bound to narrow between these two high-profile assets?

So different by nature (tangible versus intangible asset, old versus new world), they are nonetheless so similar in their purpose — “physical” gold and encrypted bitcoin both aim to provide some form of security during trades.

With dizzying growth and high political dimension, bitcoin has shifted from avant-garde technophile subject to critical issue for investors and central banks alike, and now raises many questions about the risks and benefits of its widespread adoption.

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