Well there you have it!

Bitcoin is a better gold than gold.

This isn't something I didn't already know but many out there still have failed to grasp this.

The CIO at BlackRock was on CNBC this morning talking about exactly that.

He says flat out, bitcoin is simply a better store of value is more functional as gold than gold:

Gold certainly has a place and that is evidenced by the fact it recently made a new all time high.

However, if I had cash to invest and I had to choose between gold and bitcoin I would certainly choose bitcoin.

I think bitcoin is going to go up at the expense of gold.

They may both go up, but bitcoin is pulling investment that would have gone into gold if bitcoin didn't exist.

Sorry gold, but bitcoin is the fastest horse in this race.

BlackRock says Bitcoin is a better gold than Gold