What a coincidence: the price of Bitcoin repeats dynamics of gold trading
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Bitcoin is often compared with gold, as if the cryptocurrency can even be a substitute for the precious metal. It turns out that both assets are very similar to each other not only in performance but also price. About it writes .
theBitcoin — the new gold
The First cryptocurrency was launched less than 10 years ago, but its price has managed to fully replicate the price movement of gold over the past 43 years.
Some financial experts believe that Bitcoin has even more applications than gold. Previously known American economist Paul Krugman that precious metals will soon be replaced by the crypt.
The Serial businessman John Pfeffer Bitcoin as the first full replacement of gold in the history of mankind. This view was repeatedly expressed by the billionaires, the brothers Winklevoss.
We believe that sooner or later Bitcoin will replace gold. Cryptocurrency better precious metal properties. What makes gold gold? Deficit. Bitcoin also has a limit of the number of coins and fixed the issue. The crypt is more convenient, portable and reliable.
Recall that in July the former candidate for presidents of the United States Ron Paul said that the world launched a full-fledged campaign for the replacement of the dollar with precious metals and Bitcoin. Does it have chances of success? Share your predictions in .
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