Critically evaluate an editorial comment. Bitcoin promises to be digital gold: safe, valuable, and rare. That could explain much of the cryptocurrency’s rally over the past year Use tables, charts, and any relevant online resources to support your arguments

“Bitcoin promises to be digital gold: safe, valuable, and rare. That could explain much of
the cryptocurrency’s rally over the past year.
Unfortunately, like gold, bitcoin’s status as a safe haven is more theoretical than anything
else. Rather than stability it offers investors volatility and a chance to speculate on the
market’s sentiment towards the currency. The recent rise in the cryptocurrency’s
valuation is no different. Investors looking for a safe place to keep their wealth should
look elsewhere”, Financial Times editorial, “The elusive promise of Bitcoin”, November
14, 2020.
Required: Critically evaluate the above editorial comment. Use tables, charts, and any
relevant online resources to support your arguments