News Summary

• FP Answers: With both assets, the perception of value seems to be real and works — until it doesn’t.
• We’ve never had a genuine market crash when large amounts of people held cryptocurrencies.
• The story with bitcoin is more or less the same as with gold.
• Cryptocurrencies have no real underlying value based on investment merit, but are nonetheless perceived as having value.
• As long as the perception is accepted, bitcoin and other similar offerings will be seen as a hedge against market crashes.