Cryptocurrency

BTC reached 2019 new ATH against Gold

Bitcoin will always be referred to as a digital Gold, since it has due to the limit of 21 million on paper, has many Similarities with real Gold as a Store of Value. In reality, BTC is not, so far, due to its high volatility, as a very good Store of Value. Many experts think, however, that the will decrease with increasing market capitalization in the coming years and decades. However, as it is actually, in fact, the price development between the two Assets? The answer to this question is likely to ensure that Crypto-Fans for positive Bitcoin News.

Bitcoin News: BTC is better than Gold?

The comparison of 1 ounce of Gold and 1 BTC over the period of the last 9 years, what a massive growth of Bitcoin in the last years. One could say that Bitcoin thus outperformed Gold in recent years. For a particularly positive Bitcoin News is the fact that the year 2019 is so far the best for BTC in comparison to Gold provides.Here are the Numbers:2011: 584 BTC = 1 oz Gold2012: 159 BTC = 1 Unze2013: 6 BTC = 1 & 2014: 3.5 BTC = 1 & 2015: 2.5 BTC = 1 & 2016: 1.6 BTC = 1 & 2017: 0.18 BTC = 1 & 2018: 0.16 BTC = 1 & 2019: 0.15 BTC = 1 and The Numbers are based on the average rates of the two Assets in the respective years. The Figures clearly show, that you could buy, each year, on average, for less and less Bitcoin 1 ounce of Gold. In spite of the meanwhile, strong price drops of BTC. The year 2019 is not yet complete, however, the image of the next years seems to be continuing, bringing Bitcoin to Gold up to now, for this year, a new All-Time-High (ATH).You are trading on the world’s leading Social Trading Platform, you join the millions of people who have already discovered how it smarter to invest by copying the best investors in our Community, or be copied and as a result, a second income can be achieved. Start now!

Bitcoin is still far behind Gold

As pleasing as this is statistics for every Bitcoin Fan, so realistically they must be seen as a Whole. The current market capitalization of BTC is around 165 billion US dollars, where the counter is estimated of Gold to about 9 trillion U.S. dollars. Despite the comet’s ascension BTC is not so long eye-to-eye to Gold, when it comes to the function of Store of Value.In General, the comparison of BTC and Gold is not far-fetched. Analyses show that there is a relatively strong correlation between the two markets. Especially the point that we need to adjust in the next 1 to 2 years on a economic crisis, makes this finding interesting.

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About the author

Eve Manning

Eve Manning

A native Texan, Eve first started out as a Finance Analyst and later realized that her true passion was not in trading but in writing. She leverages her experience in the Finance industry to analyse and write in-depth news articles covering the Cryptocurrencies, Economy & Finance industries.