Bitcoin is outshining gold in the battle of the safe havens

Bitcoin is outshining gold in the battle of the safe havens

Bitcoin is approaching all-time highs versus gold. The digital currency broke above $59,000 on Tuesday while gold languished below $1,700. As the Bitcoin (BTC) price edges closer to $59,000, its value relative to gold is approaching new all-time highs, possibly hinting at the emergence of a new preferred store of value.Measured against gold, Bitcoin’s price reached 34.94 ounces on Tuesday. The BTC-gold comparative peaked at 35.35 ounces on March 13 as Bitcoin surged past $61,000. Bitcoin continues to outperform gold by a significant margin. | Chart via BuyBitcoinWorldwideBitcoin’s value....


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