Cryptocurrencies have come a long way since their inception in 2009, but their promise of dethroning fiat money such as the US dollar is still far off.

Adam Dubove, the co-founder and director of financial-intelligence service Ichimoku Fibonacci, believes bitcoin is on the path to becoming digital gold. He argues bitcoin offers the best value proposition for long-term, privacy-minded investors and residents of countries with mismanaged currencies such as Argentina or Venezuela.

In this week’s Discovery Group segment, Stephen Swatton, the CEO of K2 Gold Corp. (TSX-V: KTO), explains the firm’s impressive results on soil surveys and new targets for its Mojave project in California.