
Professor Coin: Can Bitcoin Replace Gold?
Professor Andrew Urquhart is Professor of Finance and Financial Technology and Head of the Department of Finance at Birmingham Business School (BBS). This is the seventh installment of the Professor Coin column, in which I bring important insights from published academic literature on cryptocurrencies to the Decrypt readership. In this article, I study the relationship between Bitcoin and gold, and explore whether Bitcoin can replace gold. For centuries, gold has been the ultimate store of value—used by civilizations as currency, collateral, and insurance against economic crises. But in the past decade, a new contender has emerged: Bitcoin. Often referred to…








