In Singapore, Bitcoin to challenge gold as a store of value

In ancient China, small golden or silver ingots were used as currency. Its weight in taels — a weight measurement unit in regions of East and Southeast Asia — determined its value. Now, bitcoin — which has broken its all-time high record yet again, is exceeding US$56,000 in price and US$1 trillion in market value, at the time of publishing — is emerging as modern-day “gold 2.0” — especially in Singapore.

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