Goldman Sachs says bitcoin will compete with gold as “store of value”

Goldman Sachs says bitcoin will compete with gold as "store of value"

LONDON (Reuters) – Bitcoin will take market share from gold in 2022 as digital assets become more widespread, Goldman Sachs analyst Zach Bundle said in a research note to clients. Citing a market capitalization of $700 billion in bitcoin, compared to about $2.6 trillion in gold held as an investment, Goldman Sachs said the cryptocurrency … Read more

Kosovo bans cryptocurrency mining to save electricity

Kosovo bans cryptocurrency mining to save electricity

Cryptocurrency mining facilities in Pristina, Kosovo, June 12, 2018. Reuters/Hazir Reka/File Photo Register now to get free unlimited access to Reuters.com Register PRISTINA (Reuters) – Kosovo’s government imposed a ban on cryptocurrency mining on Tuesday in a bid to reduce electricity consumption as the country faces its worst energy crisis in a decade due to … Read more