Retail investors are buying more and more assets in bitcoin (BTC) and the gold-due to the turmoil in the stock and bond markets. That the report of the analysts of the website, the London Economy, which is based on the dates of the trade fair eToro. One of the explanations is that capital flight is in a ‘local’ assets is the escalating trade war between the united states and China, according to an analyst, Simon Peters, is eToro.
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Bitcoin (BTC), and the gold is more in demand
In the following chart, based on eToro, there are a number of peaks speak for themselves:
december 2018: for a peak demand for bitcoin (BTC)
January, 2019: a peak demand of gold
april 2019: in a peak demand for bitcoin (BTC)
at the end of april 2019 at the latest: a peak demand of gold
Gold is a ‘first class’, as the turmoil in the financial markets is increasing. Also, in political terms, there are a number of ‘hot spots’, such as hong Kong and the Middle East.
Also, for the chance to win a hard-Brexit, the United Kingdom, is on the increase.
The price of gold (dollars per ounce of gold, red), decreased by almost 18% over the past six months. Investors on the platform to see it in the bitcoin (BTC) is becoming more of an alternative to a digital oppotmiddel for the future.
The price of gold by 2019 (sources: Tradingview: US$ / OZ)
One of the benefits of both gold and bitcoin is that its value does not depend on any central entity such as a state or a bank. It is rare that it is very difficult to produce.
change ( % ) in the day to day is gold, and bitcoin positions at eToro, from January 2018 to July 2019 at the latest
(source: eToro)
Bitcoin (BTC) price list
It is well known that the price of a single bitcoin this year has increased substantially. The power of BTC in the market has increased to almost 70%.
Bitcoin (BTC) rates by 2019 (sources: Tradingview, Kraken XBT/USD)
Analyst: Simon Peters on eToro to see some systemic risks to the cryptomarkt, such as volumes that are wrong, and cryptobeurzen, which are considered to be vulnerable to hacking. But it’s also
Bitcoin shares with gold is that its supply is finite. There is a hard cap of 21 million BTC. Are not gold, it’s a local asset, the price will not be affected by the rate of inflation, and it is less expensive to store than gold.
Simon Peters, eToro, UK
Bitcoin and gold are more in sync than ever before
Bitcoin was released earlier this year by a number of well-known economists and analysts as a ‘safe haven’ noticed. It’s a way for you to disconnect from the financial and economic system, which is becoming more and more disrupted.
It is non-sovereign and secure character, does not suffer from inflation, both gold and silver, if bitcoin is speaking to investors, apparently, is on.
News agency Bloomberg recently published a chart, with the price of bitcoin and gold are correlated to commodities.
The developments of the last twelve months have been surveyed and classified into the following three categories: both ascending, both descending and the return in terms of growth and decline.
Conclusion: bitcoin and gold-walk away (well, almost) in sync with each other.
The rates went up by 51% over the past twelve months, in the same direction, but the correlation has been for the last three months, increased to 58,6%. Where is the correlation, over the past year 0,496 is that it has increased to 0.827.
At the time of this writing, the price for one bitcoin is $9,569 e x c e on Bitstamp at the time of this writing. Click here to read the technical analysis for The Computer Home: we are going to proceed to a total of $9.800?
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