COINSOV, a new store-of-value index, aims to give investors the advantages of gold’s relative safety against downside risk with the strong upside potential that Bitcoin delivers when risk appetite rises, MarketVector and Coinbase announced on Thursday. “The definition of ‘store-of-value’ is expanding beyond a ‘gold-only’ approach,” the firms said in the announcement. “Against a backdrop of increasing global debt, rising deficits, and persistent monetary debasement, investors are looking for ways to preserve their wealth.” The index is a collaboration between global index provider MarketVector Indexes and Coinbase ... (full story)