Cryptocurrencies: New Gold or Fool's Gold?

Although bitcoin’s strong price performance gained ubiquitous media coverage, there is still some concerns as to whether cryptocurrencies are a long-term investment or a speculative asset. Sprott Asset Management’s Edward Coyne — Executive Vice President, National Sales — and Trey Reik — Senior Portfolio Manager and Precious Metals — explain the differences between gold and bitcoin. They discuss how gold still holds great importance in an investment portfolio, and how bitcoin may not be a safe investment choice.