Gold vs. Bitcoin: $2.8B Fake Bullion Scam Highlights BTC Benefits
The Bitcoin ( BTC) versus gold debate rages on this week as reports reveal fake bars fuelled a $2.8 billion corruption scheme. As Chinese media outlet Caixin reported on June 29 via Nikkei, a loans deal between Chinese financial institutions and Wuhan Kingold Jewelry – with gold as collateral – fell apart when it became known the gold was gilded copper.
