Real Vision Group CEO Raoul Pal says gold is “breaking down” against Bitcoin, a signal that the bullish case for BTC continues to strengthen.
Nowadays, investors have divided into two groups: cryptocurrency vs gold. After comparing all the characteristics of digital money with precious metal, they appear to have a lot of in common. For example, they are produced through mining and both are almost impossible to destroy. Gold doesn’t react with acid or lye, and can’t be oxidized. In the same way, cryptocurrencies are immutable in that it is nearly impossible to shut down all the computers within the blockchain. Also, both of them can be profitable but still be at risk of cost fluctuations. In most transactions, they should be sold or exchanged for fiat currencies or an equivalent, but it is much easier to do with digital money. However, unlike gold, cryptocurrencies are not accepted in all countries.
For those who still can’t decide in which to invest, a group of Russian entrepreneurs has launched the GoldMint platform, which operates with a digital asset GOLD that is backed with reserves of real gold or ETH.
A report from JPMorgan’s Global Markets Strategy division discusses three bullish reasons for Bitcoin’s long-term potential.26488
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Check out this week’s Bad Crypto podcast.5288
Crypto seems to be nearly as popular as gold among Russian investors.4656
No need to suffer from centralized systems since the world has been offered its greatest weapon against it: cryptocurrency.8915
The largest cryptocurrency will “massively outperform gold” before that, says the Real Vision founder.26553
His doom and gloom comments continue to roll in for global currencies.6229
Kraken has identified a decreasing correlation between Bitcoin and the legacy financial markets.46662
The upcoming U.S. election results can’t stop a fresh gold advance, one analyst says, while Bitcoin is also due fresh bullishness.14448
2020 is no exception to the rule that putting $1 into Bitcoin nets investors more than traditional assets.6600
Bitcoin risks a larger pullback in the fourth quarter due to the confluence of bearish technical structures and macro uncertainty.15755
A long-term downtrend flips to form bullish support as Willy Woo says Bitcoin’s days of tracking traditional markets are numbered.18009
Bitcoin may never escape its ongoing comparisons to gold.10535
But that may not mean what you think it means.5807
Kraken predicts that Bitcoin will produce a negative performance for September before returning to ‘aggressive volatility’13132