Recently in the midst of a day of bonanza for the market of traditional values marked by the fall of Wall Street in reaction to the threats of Donald Trump against China and its trade war, investors had to seek refuge in the precious metal as a measure to counter future losses and generating a strong candle green who managed to raise the Gold price above $1500, a +1.89 per cent. In this historical moment, the market the refuge value of tradition for the investors, managed to add to their ecosystem more than $250B dollars in a single day, surpassing the total market share of the criptomoneda more important to the ecosystem as Bitcoin. In the days leading up to this Friday, 23 August 2019, when the traditional market on Wall Street succumbed to fears of an escalation of a trade war with China, as concerns about the FED and cut interest rates had generated a significant movement a week before the momentum of Bitcoin, like Gold, being both considered by many investors as a safe haven for value, even with distinct features but with a similar purpose. For many, the outcome of Friday was nothing more than a chronicle of a rise announced. In contrast, Bitcoin on that same day also saw a significant boost to gain a +2,72% to pass the value of $ 10136,90 to $10412,51 in 24 hours, generating the greatest benefit in terms of the percentage that the precious metal in the same span of time. The above shows one thing: Bitcoin manages to be more reactive to geopolitical events and responds in a better way than the Gold. Of course, being Gold, a metal that can be expendable and used as raw material for various purposes, their market is larger, and therefore implicit in their use cases, unlike Bitcoin which is a digital asset decentralized non-physical. The above, brings up another debate: The Gold can be forged while Bitcoin there is no way to achieve a digital duplication technology is unchanging and decentralized. According to Reuters, the gold bars stamped fraudulently with the logos of the major refineries are inserted in the global market for washing gold smuggling or illegal, so the forgeries are difficult to detect, making it, paradoxically, in a corridor of funds ideal for smugglers of narcotics, or lords of war. A point that many critics of Bitcoin used to argue the impossibility of use on a mass scale. In conclusion, Gold and Bitcoin seem to have a similar behavior in the last few months to events of political and economic instability, for the shelter of value that are being used as in all traditional market for speculative purposes, as we can see in the following chart. It is predicted that by 2048, both inclusive project a valuation similar, as the Gold is out of phase by Bitcoin which seems to be more attuned to the precious metal with the new model of the digital economy that we are living. The time will give us the reason. For now, Bitcoin continues to break records as it proceeds through its consolidation as a new source of oxygenation of the traditional business functions and the paradigm for investors who see not only in the criptomoneda, but in their underlying technology, the new world financial order. The following two tabs change content below. Engineer and passionate about technology, Blockchain and the Bitcoin since 2009.
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