Bitcoin (BTC) – gold is like gold. Digital though

Bitcoin (BTC) – gold is like gold. Digital though
фото показано с : coinstelegram.com

2019-7-13 22:30

The fact that Bitcoin is digital gold is believed by not only crypto community enthusiasts, but also by many skeptics now. Historical charts also support this conclusion.

In fact, until 2016, the cryptocurrency market did not exist as such. But as soon as it appeared, Bitcoin immediately began to be compared with gold, and it is no coincidence. Quotes correlation speaks for itself. (Data on metallic gold taken from https://www.moneymetals.com/precious-metals-charts/gold-price)

And if you add an analysis of the behavior of the dollar in connection with gold, then everything falls into place.

Gold serves as a haven in times of dollar weakness and falling markets. Conversely, gold falls when markets and the dollar rise. Bitcoin now intends to be a safe haven too. And quite successfully.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Golos Gold (GBG) на Currencies.ru

$ 0.0077733 (-2.90%)
Объем 24H $0
Изменеия 24h: -17.51 %, 7d: -17.17 %
Cегодня L: $0.0077733 - H: $0.0095975
Капитализация $99.238k Rank 99999
Цена в час новости $ 0.0121348 (-35.94%)

gold bitcoin fact digital market cryptocurrency soon

gold bitcoin → Результатов: 126


Фото:

Saylor says Bitcoin will ‘eat gold’ in the coming months

MicroStrategy executive chairman Michael Saylor predicted that Bitcoin will “eat gold” in the coming months because it is a far superior asset in every way. The MicroStrategy chair made the statement during a CNBC interview on March 11, where he added that Bitcoin was not only superior to gold but all conventional assets, including real […] The post Saylor says Bitcoin will ‘eat gold’ in the coming months appeared first on CryptoSlate.

2024-3-12 02:30


Bitcoin Is Replacing Gold At An “Accelerating Pace”

The narrative taking place across the finance industry, is that cryptocurrencies like Bitcoin and Ethereum are the way of the future and gold’s days are numbered as a store of value. While the “digital gold narrative” has already taken a major dent out of the precious metal’s momentum, according to a top Bloomberg Intelligence analyst, “most indicators point to” Bitcoin replacing the aging asset an an “accelerating pace.

2021-3-9 19:44


Фото:

CoinShares’ Demirors: The Market Cap of Bitcoin Will Far Exceed That of Gold

‘Bitcoin is the digital gold’ is a narrative that has become quite common. However, according to Coinshares’ Meltem Demirors, Bitcoin is much more than just a digital replacement for gold. Demirors who is the chief strategy officer at the digital asset management firm, CoinShares believes that Bitcoin will soon outdo gold in market cap despite […]

2021-2-15 15:30