Friday, November 15, 2024
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A Bretton Woods for data

In July 1944, the world was still at war. Allied forces were fighting to liberate France, with Paris still occupied by German forces. Battles in the Pacific would continue for another year. In New Hampshire, USA, the mood was a little different. There, at the foot of the White Mountains, and

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Bitcoin set to replace gold, says Bloomberg strategist on Bretton Woods’ 50th anniversary

Bitcoin (BTC) is replacing gold even as United States’ regulators attempt to disrupt its advance, said Mike McGlone of Bloomberg Intelligence on Monday.The senior commodity market strategist credited the “digitization of money and finance” behind the Bitcoin market’s superior growth against gold, noting that the same factors helped the U.S.

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