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BTC vs gold: Does Bitcoin stand a chance against the behemoth precious metal?
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Bitcoin has outpaced gold substantially year to date, with the digital coin up nearly 98% and the yellow metal down in the negative. Yes! you heard that right. As per Marketwatch.com, Gold YTDstands at -5.6% at press time.
Source: Longtermtrend.com
Still….The divergence calls into question whether investors are opting for Bitcoin over gold as a hedge against rising inflation. Let’s explore what veterans in the crypto community have to say about the same.
Tuur Demeester, a renowned investor, and analyst tweeted about an interesting analogy that incorporated horses and cars. But circled back to the main point that Bitcoin will eventually demonetize Gold.
<p lang=«en» dir=«ltr» xml:lang=«en»>Think Bitcoin won't demonetize Gold?When horses became
Read more on ambcrypto.comAbout this in other media
View: Financial regulators stand powerless against wilful self-delusion and disregard of market realities fnlondon.com /2 years ago
How the govt. can ‘hedge against a world where there’s a Bitcoin standard’ ambcrypto.com /2 years ago
The bigger picture: What does El Salvador’s Bitcoin city mean for the global crypto market? economictimes.indiatimes.com /2 years ago
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