Stephanie Hughes
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I'm Stephanie Hughes, and that's Marketplace Tech.
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How digital gold acts during a geopolitical crisis.
From American Public Media, this is Marketplace Tech.
I'm Stephanie Hughes.
Pretty much since its inception, the cryptocurrency Bitcoin has been compared to gold.
There's only so much of it.
Its value isn't tied to any fiat currency.
But gold is a traditional safe haven asset, while Bitcoin isn't necessarily.
Gold surged in value when news first spread that the U.S.
had attacked Iran.
Bitcoin didn't see the same immediate flight to safety.
I asked Gil Luria, head of tech research at D.A.
Davidson, why this is.
Bitcoin is an alternative investment.
You know, it exists outside the traditional financial markets.