Chart Comparison Demonstrates Effectiveness Of Bitcoin Digital Gold Narrative
2020 was the year of the digital gold narrative amid a pandemic and unprecedented money printing. In 2021, only Bitcoin matters and comparing it to gold at this point is selling the coin short. Now is the age of cryptocurrency, and no comparison shows that better than the two charts you are about to see […]
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Bitcoin’s comparison as “merely” digital gold demonstrates that legacy financial bureaucrats are in for a rude awakening.
The digital gold narrative was partly responsible for institutional interest in Bitcoin, and putting the precious metal’s bull run on pause. Only recently was that narrative tarnished and cryptocurrencies fell by 50% in a flash. The crash in crypto sent Bitcoin back to retest its former all-time high against gold as resistance turned support, and […]
The last year in finance has been all about Bitcoin. The digital gold narrative arrived at the perfect time, amidst a perfect storm of stimulus money, irrational exuberance in the stock market, and more. The forecast is starting to change for gold, however, just as the top cryptocurrency is struggling to maintain its market structure […]
The narrative taking place across the finance industry, is that cryptocurrencies like Bitcoin and Ethereum are the way of the future and gold’s days are numbered as a store of value. While the “digital gold narrative” has already taken a major dent out of the precious metal’s momentum, according to a top Bloomberg Intelligence analyst, “most indicators point to” Bitcoin replacing the aging asset an an “accelerating pace.” Bitcoin Is Replacing Gold As “Store Of […]
One of the biggest factors influencing the recent Bitcoin bull run hands down has been the digital gold narrative and the capital flows from precious metals into crypto. However, looking back at the XAUBTC chart over the last several months, the recent retracement across crypto makes it look like the bull run never even started, […]