The thing is that there's also inflation at work.
This means that the value of Bitcoin is going up but also the purchasing power of each dollar is going down.
This acts as a double-whammy making the price of Bitcoin go up over time.
There's a long period of inflation coming, specially after all the expenses of covid, and now with the geopolitical tensions.
This means that the value of Bitcoin is going up but also the purchasing power of each dollar is going down.
This acts as a double-whammy making the price of Bitcoin go up over time.
There's a long period of inflation coming, specially after all the expenses of covid, and now with the geopolitical tensions.
Gold continues to reach new ATHs, while Bitcoin's market prices are relatively stagnant. As a matter of fact, prices have declined due to Trump's on-going trade wars. The beloved cryptocurrency is far behind from its last-recorded ATH. I consider it hard for Bitcoin to surpass Gold. At least, in the time-being. Things might change in the long run.
I know Gold will keep rising in market price (which leads to a higher market cap), but so will BTC. If the latter increases at a faster pace, then it could overcome Gold's market cap in a "blink of an eye". I'd buy and hold both commodities just in case.
