Monday, August 6, 2018
Bitcoin and Gold -- A Hyptothetical Perspective
Bitcoin and Gold -- A Hypothetical Perspective
Ok, let's really take the time to think about this. Over the last few years, both Bitcoin and Gold have gained more ground as stores of value. As of 2017, Bitcoin value got as high as 20,000 times the value of the dollar--while gold hovered around $1,300 or so an ounce.
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If both are stores of value and both are considered to be worth investing in-- wouldn't you expect the price of Gold to skyrocket to be worth at least $5,000 an ounce?
With news of many institutions and corporations looking to make Bitcoin ETF a reality-- we could see Bitcoin reach $32,000 USD in value--and with that rise, I believe gold could shoot well past $2,500 an ounce.
Do you see a correlation in Bitcoin and Gold ascension?
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