Welcome to Bloomberg Crypto, our twice-weekly look at the world of tokens, the blockchain and more. If someone forwarded this to you. In today’s newsletter, Emily Nicolle wonders whether Bitcoin deserves to be considered digital gold.
How about that hedge
There’s a certain set of narratives that the Bitcoin faithful can be reliably expected to trot out. Among them: That the world’s largest token can be viewed as a safe haven asset akin to a digital form of gold and that it’s censorship-proof.