Insight - Blockchain tops food chain as gold and bitcoin falter

Major player: A chip by TSMC is seen at a semiconductor conference in Nanjing. TSMC has largely benefited from the US-China tech rivalry and increased demand for personal computers, servers and games consoles amid prolonged pandemic-driven social distancing. — AFP

GOLD, and its digital counterpart, Bitcoin, have had a pretty good run among investors seeking a haven or those willing to take a punt on cryptocurrency.

But they’ve been pipped in the past year by another investment thesis that’s perhaps a little more tangible, highlighting the old adage that it’s smartest to be selling shovels in a gold rush.