Post
Topic
Board Bitcoin Discussion
Re: Bitcoin moves like Gold?
by
South Park
on 31/01/2020, 18:03:41 UTC



According to the recent price chart, Bitcoin's move has been very similar to Gold's move.

Recently, after Trump delivered speech, the price of Bitcoin and Gold both went down.

And there were other cases that Bitcoin's move follows after Gold's move.


But is this still enough to say that Bitcoin moves like Gold?
During the most recent weeks bitcoin is moving more like gold than as another type of asset and that is interesting to say the least, for a long to me it was speculated that bitcoin will become the gold of the 21 century and many people laughed about that statement but now we are beginning to see the first evidence of this becoming true in the future, and personally I am happy for this, this means that in the future bitcoin could take away some of the market cap of gold and become incredibly valuable.