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Scraped on 12/04/2025, 10:58:33 UTC
As we're talking about short term fluctuations in price in this thread (inflation, tariffs, economic instability of the last months), I would like to remind you of one of the biggest distinctions between both assets: chances of gold doubling it's price in the next months is practically zero, while that's not what many people think about Bitcoin. And the same would happen the other way around: it would be a really exceptional event if gold lost 50% of his value in a few months, while we've seen it happening to Bitcoin plenty of times.
Gold's market capitalization has surpassed $20 trillion and is more than 10 times the market capitalization of bitcoin, so expecting the price of gold to double from now on is delusional. But the scenario of gold losing 50% of its value in a few months is also an illusion. That is impossible and has never happened in the past. This could happen with bitcoin but not with gold because gold is a safe haven, not a speculative asset like bitcoin.
https://x.com/Investywise/status/1908047109967822943
Original archived Re: Increasing dominance of gold
Scraped on 05/04/2025, 10:58:27 UTC
As we're talking about short term fluctuations in price in this thread (inflation, tariffs, economic instability of the last months), I would like to remind you of one of the biggest distinctions between both assets: chances of gold doubling it's price in the next months is practically zero, while that's not what many people think about Bitcoin. And the same would happen the other way around: it would be a really exceptional event if gold lost 50% of his value in a few months, while we've seen it happening to Bitcoin plenty of times.
Gold's market capitalization has surpassed $20 trillion and is more than 10 times the market capitalization of bitcoin, so expecting the price of gold to double from now on is delusional. But the scenario of gold losing 50% of its value in a few months is also an illusion. That is impossible and has never happened in the past. This could happen with bitcoin but not with gold because gold is a safe haven, not a speculative asset like bitcoin.
https://x.com/Investywise/status/1908047109967822943