Cryptocurrencies v Gold - Which is the better long term bet?
Tuesday 19th September 2017 17:30 to 20:30
NEX Exchange, 2 Broadgate Circle London, EC2M 7UR
In March this year the price of a single bitcoin surpassed the value of an ounce of gold for the first time, as the exchange price for one unit of the digital currency closed at $1,268, while a troy ounce of gold cost $1,233. Just five months later, bitcoin is now trading over three times higher at $4,110 whilst gold is up a mere $56 at $1289.
So what is actually happening here? And is it possible that, as cryptocurrencies start to go mainstream (bitcoin is just one of over a thousand cryptos in circulation) they could possibly threaten to challenge gold for the 'ultimate money' mantle?
The two asset classes share many similarities and also many diferrencies. But ultimately it comes down to how they behave as money - a store of value, a unit of account and a medium of exchange.... and that's where the debate gets interesting!
Gold has been doing all three very effectively for thousands of years and now the Internet Age has thrown this new exotic financial asset class to the fore and under the global finance spotlight.
So the big question we will be seeking to answer is what does the future hold and will there still be a ligitimate place for both gold and cryptocurrencies in your portfolio 10 years from now?
We have assembled a unique panel of gold and cryptocurrency experts who will be debating this question from both sides of the fence and fielding questions from the audience on this the hottest of investment subjects. You really won't want to miss this!
INITIAL COIN OFFERINGS (ICOS)
Wednesday 4th October 08.30am - 10.30am
NEX Exchange, 2 Broadgate Circle, London, EC2M 7UR
ICO stands for Initial Coin Offering – a fundraising tool which some startups are using to raise capital by issuing and selling to the public their own cryptocurrency, aka digital tokens. Fundamentally, ICOs raise funds in Bitcoin or other cryptocurrencies and it is disrupting the VC market.
Sponsored by Hamlins LLP and Nex Exchange, the Small Cap Club event will aim to provide a guide to the complex, and so far, self-regulated, landscape of ICOs to the City. We will have a panel covering what is involved in undertaking an ICO itself, future regulatory issues and discussion on opportunities and outlook for the Small Cap community.
Spaces are limited. It’s free to attend and breakfast and refreshments are provided. If you do register please make sure you are doing this with a serious view to attending or advise if you are no longer able to make it, ideally with at least two days notice.