(TheNewswire)
January 7th, 2025 – TheNewswire – Burlington, Ontario
In the Californian Gold Rush of 1848, Samuel Brannan owned the only store between San Francisco and the major gold deposits. According to legend, he bought up all the shovels, picks and pans he could find and ran through the streets of San Francisco shouting “Gold! Gold! Gold on the American River!”
Brannan reportedly bought the pans for ¢20 and resold them for $15 each, making $36,000 in nine weeks.
In today’s digital crypto “gold rush”, new investment platforms are working on a similar strategy: to provide prospectors easier access to the cryptocurrencies at their fingertips through traditional stocks acting as cryptocurrency proxies.
And many of these “traditional” stocks are outperforming their respective crypto coins.
Bitcoin deposits
Firstly, why the “digital gold rush” to cryptocurrencies in…
