Bitcoin vs. Gold; Gold's Surge & BTC's Reemergence

26 abr 2020

First off, I may have a conflict of interest and please don't take anything I say seriously or at face value. As always, this is of opinion basis. That being said, let us get into my insight. As the price of Gold seem to have had downward spirals, Bitcoin have sometimes went up and as Bitcoin has downward spirals, gold, sometimes went up as well. They both seem as stockpile type assets or "safety net assets" if you will, with different but similar psychology. The upward trend correlation for Bitcoin seems now to be more bullish while Gold is becoming bearish again. That being said, the asset fluctuations for Bitcoin at many times don't seem as stable, however Gold indexes can also be heavily impacted by an asset holder's behavioral psychology. I sort of get now why many people are calling Bitcoin the new digital gold.