‘Bitcoin is digital gold’ meme becomes real as BTC and gold markets align

‘Bitcoin is digital gold’ meme becomes real as BTC and gold markets align
ôîòî ïîêàçàíî ñ : thenextweb.com

2019-7-9 16:27

Bitcoin is often called “digital gold,” pitched as an alternative to the real thing. In 2019, the meme is actually real, as the two assets have performed almost identically over the past 30 days.

The chart below shows the year-to-date performance of digital assets grouped by market capitalization size. Notice how large-cap cryptocurrencies (like Bitcoin) have absolutely crushed smaller projects in 2019. “Bitcoin continues to separate itself from the pack given the strength and spread of its ‘digital gold‘ narrative,” reports boutique research firm Delphi Digital in commentary shared with Hard Fork. Still, the firm warned that Bitcoin is yet…

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