Our Co-Founder & COO, Sukhi Jutla, was recently quoted in The Sun article ‘RAISING THE BAR Bitcoin price suddenly jumps to two-month high as experts debate whether it’s ‘digital gold’’.
The journalist, Alice Grahns, wrote:
Sukhi Jutla, blockchain author and co-founder of gold jewellery marketplace MarketOrders, told The Sun that bitcoin “can be” considered digital gold.
This is partially because similar to gold, bitcoin only exists in limited supply, she explained.
She added: “Once these coins have been mined, no more can be produced.
“That means the value of the asset increases when more people want it.
“For example in times of economic uncertainty, the price of gold increases as investors rush to purchase more gold as its seen as a stable holding.”
Ms Jutla said: “I would say it’s a bad time to buy when all coins have been minted as the prices will be higher for sure!
“In my opinion, it’s still a good bet to buy them now.”
You can read the full article here.