[2018-02-01] World Gold Council Says Bitcoin Could ‘Undermine’ Central Banks

[tyz]

World Gold Council Says Bitcoin Could ‘Undermine’ Central Banks

The World Gold Council claims Bitcoin—commonly referred to as “digital gold”—will never be as good as the real deal while admitting it could “undermine the tools used by the Fed and other central banks to influence the economy.”

http://bitcoinist.com/world-gold-council-bitcoin-central-banks/

[bbc.reporter]

It’s clear that the Council doesn’t view Bitcoin as a viable alternative to gold. Whether or not it can position gold as a viable alternative to Bitcoin, however, remains to be seen.

Why do they have to keep comparing bitcoin with gold? Bitcoin is its own type of asset and they still do not understand that fact. What they should do is put bitcoin on one side and put gold on another side.

Maybe those people are only presently trying to attack bitcoin in its moment of weakness in the market. However when bitcoin starts going up, they stay quiet again.