The Old Mutual Gold and Silver Fund is incorporating bitcoin into its investment strategy, and is planning to allocate up to 5% of its money to the world's premier cryptocurrency. According to the fund's manager, Ned Naylor-Leyland, the objective is to reinvest profits from the fund's bitcoin holdings back into its primary gold and silver related assets. Talking to Bloomberg Markets, Naylor-Leyland said that "Bitcoin was explicitly designed to be digital gold," and that it is a natural fit with a gold fund: "It's about bringing the ownership of disciplined money into the modern world. Bitcoin is paving the way for the reintroduction of gold as global money". He views blockchain technology as a way to effectively address the fundamental limitations of gold when used as currency such as divisibility, speed of transmission and ownership.

Could cryptocurrencies replace gold in the future? Goldman Sachs issued a note to their customers in October where they claim that gold is still king when it comes to the long-term store of value, citing price volatility, security concerns and uncertainty regarding cryptocurrency regulations as problems that cryptocurrencies must overcome first.