The bitcoin vs. gold debate continues and according to mining mogul Rob McEwen, the latter is still the place investors should put their money in. “I don’t connect bitcoin and gold at all. They are serving two different purposes,” he told Kitco News at the Silver & Gold Summit in San Francisco. “Bitcoin is not transparent and it uses an enormous amount of power, contributing to global warming.” However, the McEwen Mining CEO still recognizes the cryptocurrency’s performance this year, which has taken markets by storm. “I like to see gold behave like bitcoin’s behaving,” he said. “But it looks like the dollar price of gold has bottomed and there’s small downside risk.” (show less)

The bitcoin vs. gold debate continues and according to mining mogul Rob McEwen, the latter is still the place investors should put their money in. “I don’t connect bitcoin and gold at all. They are serving two different purposes,” he told Kitco News at the Silver & Gold Summit in San Francisco. “Bitcoin is not transparent and it uses an enormous amount of power, contributing to global warming.” However, the McEwen Mining CEO still recognizes the cryptocurrency’s ... (read more)