, Columnist
Blockchain Players Beat Gold and Bitcoin in the Pandemic
Remember that saying about selling shovels in a gold rush.
The money is in the tangibles during the coronavirus. Above: a Bitcoin exchange shop in Krakow.
Photographer: Artur Widak/NurPhoto/Getty
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Gold and its digital counterpart, Bitcoin, have had a pretty good run among investors seeking a haven or those willing to take a punt on cryptocurrency.
But they’ve been pipped in the past year by another investment thesis that’s perhaps a little more tangible, highlighting the old adage that it’s smartest to be selling shovels in a gold rush.