Comment: Are cryptocurrencies the new gold?

There has been a lot of talk about Bitcoin, and cryptocurrencies in general, being a 'digital' gold. Similar to gold, there is a finite amount, it is not backed by any sovereign and no single-entity controls its production. But for Bitcoin to be considered in a portfolio and to become an investable asset, similar to gold, the asset would need to improve the risk/return profile of that portfolio. This seems a tall order, argues Gerald Moser. While it is nigh on impossible to forecast an expected return for bitcoin, its volatility makes the asset almost "uninvestable" from a portfolio pers...