Net Net: Promoting innovation and managing change
Net Net: Promoting innovation and managing change

Bitcoin bugs? Gold losing face to cryptocurrency

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In the last year, the price of bitcoin has surged fivefold.

Over the same period, the price of gold, the other favorite anti-currency, slipped nearly 10 percent.

In the last month alone, bitcoin's price is up more than 40 percent; gold is down more than 2 percent.

While bitcoin's moves have certainly been more pronounced, the divergence between the two is unmistakable.

They're both considered currency alternatives, safe stores of value to protect from wild swings in fiat currencies and money printing from central banks and irresponsible fiscal policy from governments.

So why are they moving in opposite directions?