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Despite the sluggish price, the world’s most popular cryptocurrency has been settling more transaction volume than gold since Q2 2017. Bitcoin Showing More Utility Than Gold Bitcoin 0 0 is on track to clear more transaction volume than the global gold markets. Bitcoin has been clearing more tx volume than global gold markets since early 2017. BTC: on pace to process $1.1 trillion in 2018 transactions Gold: on pace to process $0.4 trillion in 2018 transactions Sources: https://t.co/eVqQiq56gv for BTC https://t.co/zqh4eykqNb for Gold pic.twitter.com/oc5piRvrXE — Kevin Rooke (@kerooke) August 15, 2018 Interestingly enough, though, this is not a one-off event – it has been happening consistently since the second quarter of 2017 after the world’s first cryptocurrency hit ‘parity’ with the price of an ounce of gold in spring of last year. It’s also worth noting that despite the serious hit Bitcoin took in 2018, it’s still outperforming the precious metal by a facto...

Entrepreneur and MegaUpload creator Kim Dotcom has repeated his belief in Bitcoin over fiat currency, telling fans directly to “buy cryptocurrency.” Dotcom: Crash ‘Is Coming 100 Percent’ In a series of tweets August 12, Dotcom, whose Bitcache project incorporates a Bitcoin wallet, warned over US national debt and the need to avoid the dollar. “Trust me. Buy crypto and gold. Your USD will become worthless. With US economic collapse all old money currencies will crash,” he wrote. Times will get tough. But you’ll be fine if you hedge some of your assets in preparation for the crash. That “crash,” he forecast, “is coming 100%.” Trust me. Buy crypto and gold. Your USD will become worthless. With US economic collapse all old money currencies will crash. Times will get tough. But you’ll be fine if you hedge some of your assets in preparation for the crash. The big crash is coming 100%. — Kim Dotcom (@KimDotcom) August 12, 2018 ICO Rumored For September Dotcom’s comments cam...