Goudexpert Peter Schiff has been a very strong supporter of the gold, and in some cases it is critical, give their opinion on bitcoin (BTC). This gives rise to the necessary strength, and there is even a @relevantpeter a parodieaccount has been created.
This past week, made a joke of the account is that bitcoin is a whopping 19 minutes to a better performance than that of the ‘sacred gold’. As a joke, of course, because bitcoin is, in 2019, will be stronger than ever.
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Bitcoin united states. of gold by 2019
The button and both blinds folded, it is a great occasion for the performance of a single bitcoin, and gold, in 2019, to the test.
This counter-cyclical assets, which is unrelated to the financial system, is growing in popularity. All the more so because there is a negative interest rate on deposits and the (state) money, and the market is more uncertain it is.
BREAKING NEWS: BITCOIN HAS OUTPERFORMED GOLD TREMENDOUSLY OVER THE PAST 19 MINUTES. DOES THIS SPELL THE END FOR THE YELLOW PRECIOUS METAL? STAY TUNED FOLKS, THIS COULD BE BIG.
Relevant Peter Schiff (@RelevantPeter) On September 26, 2019
Bitcoin opened the year with a share price of $3.797 what is almost impossible to imagine. The preliminary highlight of the year was $13.831 in accordance with the consumer price index on Brave New Coin, (see the figure below).
Since then, prices start to drop. This week, dipte the price to $7.724.
Gold opened the new year with a price tag of $1.282, and it reached at the beginning of september, her jaarrecord to $1.557. At the time of this writing, the average price is in the $1,500 to.
Bitcoin price January 1 to september 28, 2019 (source: Tradingview)
Gold, troy ounce (31,1 gram) price of January 1 to september 28, 2019 (source: Tradingview)
If we look at the above charts, it is the run-of-bitcoin started in april, and it has a much better performance than that of gold.
At it’s peak (end of June), the price of BTC is 260% higher than before the descending triangle is visible. We can now return, then, is the rate of return of 109% which was still very good.
The price of gold has also risen this year, but it is less noticeable than the BTC: the rate of return varies between 10% and 20%, in comparison with the starting value for this year.
Bitcoin: 9390661% koersgroei
We’re going all the way back to the first point, that bitcoin is recorded, but there has been an unprecedented growth of the cryptomunt.
In July 2010, BTC, at a price of $0.06 and since then it has been with fits and starts increasing.Bitcoin price-July, 2010 to 28th september, 2019 (source: Tradingview)
Of gold troy ounce of gold (31,1 g) the price, January 1998 to september 28, 2019 (source: Tradingview)
The increase in the price of gold has been very steady and gone. With a price tag of $1.210 in July 2010, and will run to a total of $1.920 in the year 2011.
Since then, the trend is to decline, to around about $1,200 in 2016, and since then, the trend is once again upward.
The rate of increase is not, by comparison, Bitcoin has been since its existence, the 9390661% (!) rose, while gold, over the same time period, with a 25 per cent increase.
A mitigating factor is that a bitcoin in ten years is a very, very, very, young assets and that is the gold standard in the second half of the nineteenth century was such in 1971, has been released.
The over-the-counter market in gold that has been in existence since 1919 (the London Bullion Market, ed.).
Source: Beincrypto
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