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Will Bitcoin replace gold as the ultimate store of wealth? – ABC News

Crytocurrencies remain yet another speculative, volatile and risky investment. But their golden years may be rapidly approaching, writes Ian Verrender.

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Albert Einstein reckoned the only reason we have time is so that everything doesn’t happen at once.
If he was around today, he may have been forced into a rethink. Last year we saw one of the sharpest falls in financial markets ever, followed by one of the quickest recoveries.
Despite the globe still in the grip of a dangerous pandemic, the price of assets, commodities and financial instruments have continued their meteoric rise fuelled by massive amounts of stimulus, from governments and central…

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