Bitcoin is better geared for those interested in potentially making large gains or planning for the long term bitcoin will fluctuate in price over time. Gold historically is a more stable investment choice for those looking to keep their assets safe. On one hand gold is a physical metal and bitcoin is a digital currency.
Bitcoin btc loses to gold when it comes to how easy it is to transport and confiscate says peter schiff in. The charts actually look eerily similar. One having been a monetary asset for millennia and the other one being a new digital form of currency for the lack of a better word.
I decided to compare the charts of two alternative currencies namely gold and the relatively new phenomena bitcoin. Compare goldfund vs bitcoin gold best cryptocurrency compare tool ever compare cryptocurrency with last 1 hour 1 day or 24 hours 7 days comparison. I humbly dedicate this chart to peterschiff in honour of his tireless promotion of bitcoin to his audience of gold bugs we are forever grateful.
This chart tracks gold vs bitcoin performance from a 1 investment on 6 oct 2009 when bitcoin first had a market price. That makes bitcoin over 60 times smaller than gold or 1 62 of gold s current market cap. 206 billion bitcoin vs 12 7 trillion gold given the respective prices of both bitcoin and gold the total market cap of circulating supply for each asset comes in at 207 billion for bitcoin and 12 7 trillion for gold.
What about btc currently it is forming the consolidation bottom of the parabola. On the xau chart we can see a classical pattern of an upward trend correction with the parabolic consolidation and the exit upwards. And here is the comparison of bitcoin and gold.
Trendanalysis chartpattern indicator btc btcusd xau xauusd. You ll also see how bitcoin has consistently outperformed gld over the past five years. You ll view how btcusd fared against gld over the past three six 12 24 and 36 month periods.
Gld the spdr gold shares over six key time periods.
Bitcoin vs gold chart comparison. For bitcoin there is a 21 million bitcoin limit imposed into the mathematical algorithm and this number can t be increased. As for gold the yearly new supply is limited to around 2 500 tons as the world gold supply dwindles or becomes harder to reach using modern gold mining techniques. This article will reveal the rs of bitcoin vs.
This article will reveal the rs of bitcoin vs. As for gold the yearly new supply is limited to around 2 500 tons as the world gold supply dwindles or becomes harder to reach using modern gold mining techniques. For bitcoin there is a 21 million bitcoin limit imposed into the mathematical algorithm and this number can t be increased.
