Nov 14, · CitiBank MD, and former FX technician, Tom Fitzpatrick, points out distinct analogies between the gold market and Bitcoin in his latest report, “Bitcoin: 21st Century Gold.” History of Money and Gold The seeds of the bull market in gold were sown back in Dec 09, · JPMorgan’s calculations suggest Bitcoin only accounts for % of family office assets, compared with % for gold ETFs. Tilting the needle from gold to bitcoin Author: Eddie Spence. Bitcoin Gold (BTG) is a fork of Bitcoin that occurred on 24 October on block Bitcoin Gold changed Bitcoin’s proof-of-work algorithm from SHA to Equihash rendering specialized mining equipment obsolete in an attempt to democratize the Bitcoin mining process.
Market bitcoin goldShould You Buy Gold Or Bitcoin?
Whether this will happen and — if it should — whether Bitcoin market cap and value can hold above that of gold will be seen in time. If Bitcoin does exceed gold in value and market cap, it will likely be at the mass adoption of the use of cryptocurrencies for both trading and daily transactions across the globe. CoinInsider is the authority on bitcoin, ethereum, ICO and blockchain news; providing breaking newsletters, incisive opinions, market analysis, and regulatory updates.
You should consider whether you fully understand them and whether you can afford to take the high risk of losing your money.
The content of Coin Insider does not constitute any type of investment advice. Coin Insider. Posting this as a receipt for the future. That fundamentally prompts investors to move their capital from poor yielding debts and cash instruments to riskier safe-havens like stocks, gold, and Bitcoin.
Both gold and bitcoin have very liquid markets where fiat money can be exchanged for them. One major concern for investors looking toward bitcoin as a safe haven asset is its volatility. One need look only to the price history of bitcoin in the last two years for evidence. It has since recovered a portion of those losses, but is nowhere near its one-time high price point. Besides overall volatility, bitcoin has historically proven itself to be subject to market whims and news.
Particularly as the cryptocurrency boom swept up a number of digital currencies into record-high prices around the end of , news from the digital currency sphere could prompt investors to make quick decisions, sending the price of bitcoin upward or downward quickly. This volatility is not inherent to gold for reasons mentioned above, making it perhaps a safer asset.
In recent years, a number of alternative cryptocurrencies have launched which aim to provide more stability than bitcoin. Tether, for instance, is one of these so-called " stablecoins. Investors looking for less volatility than bitcoin may wish to actually look elsewhere in the digital currency space for safe havens. NBC News. Coin Telegraph. Metals Trading. Your Money. Personal Finance. Your Practice. Popular Courses. Part Of. Bitcoin Basics. Bitcoin Mining. How to Store Bitcoin. Bitcoin Exchanges.
Bitcoin Advantages and Disadvantages. Bitcoin vs. Other Cryptocurrencies.