Ed Moya - Senior Market Analyst at OANDA – Tue 12 May, 2020

Bitcoin vs Gold and the oil market

Ed Moya joins me today to address the Bitcoin ‘halving’ news and the investment narrative for Bitcoin vs Gold. We also discuss the general boring nature of the US markets right now as we all wait to see how this ‘economic restart’ proceeds. Finally we look at the oil market and it’s trading around $25/barrel.

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  1. On May 12, 2020 at 5:35 pm,
    Nigel says:

    The trouble with Bitcoin is that so many of the ‘coins’ are already owned by a very very small number of people or governments (less than 100), it it were to really take off it would create a handful of kings and billions of surfs. It would be the most unbalanced society ever seen.

  2. On May 12, 2020 at 8:33 pm,
    Peter says:

    I accept the basic premise of Bitcoin, but in the end, its just another fabricated currency. Why not put gold on the blockchain and use it as the final, ultimate form of currency transaction. Its been for 5000 years, the Rolls Royce of money. In a world of un-ending stupidity, why be more stupid. At worst, if funds start allocating to bitcoin, they will to gold as well.