'We don't see bitcoin dislodging gold': Agnico Eagle CEO Shane McNeil, BNN Bloomberg VIDEO SIGN OUT One major Canadian gold producer said that while investors are flocking to bitcoin in record numbers, "digital gold" will never replace the precious metal itself.â Agnico Eagle Mines Ltd. Chief Executive Officer Sean Boyd said in an interview Friday that while his company is certainly aware of the competition posed by cryptocurrencies at a board level, he doesnât see it posing an immediate threat. âI think you have to have those conversations, but you look at the liquidity in bitcoin. Itâs a small market,â Boyd said. âSure, you may get other cryptocurrencies, but there still are issues around cryptocurrencies as far as security goes. So, we donât see bitcoin dislodging gold and goldâs importance.â