The prices of Gold and Bitcoin (BTC) to rise in these days by leaps and bounds. The precious metal reached an all-time high of over $1.950 per ounce, while its digital counterpart rose above $11,000 and to new all-time highs since 2019 is reached.
Ari Wald, head of technical analysis at Oppenheimer, says that investors may continue to hold your Gold, but Bitcoin, the traditional system is likely to outperform.
Bitcoin, with more room than Gold
He explains in the case of CNBCs Trading Nation, that Bitcoin have due to its price development is still more room for a recovery, while Gold have reached in this month, already has his maximum price. The forest is also of the opinion that BTC reverse begins the downward trend since his historic Bullrun in the year 2017 now.
This is the ‘type of action’ bitcoin bulls like to see, Oppenheimer says #bitcoin (via @trading nation) https://t.co/V4HAwQHRvz
— CNBC (@CNBC) July 28, 2020
Robert Kiyosaki shares the forest opinion to Bitcoin and Gold. As a reaction to the announcement of the Gold Investor, Dennis Gartman, he turns away from the precious metal, the “Rich Dad Poor Dad”author on Twitter, where he is currently investing his money:
The respected gold bull Dennis Gartman is a Gold out. (He Thinks), the price of gold has reached its peak. I agree with the. Silver is still $ 25 Oz. $50 next? The everyone can afford. If you have money, is Bitcoin on the rise. I have no more Gold and invest in silver and Bitcoin . What do you do? You have silver and Bitcoin?
Dennis Gartman respected gold bull is out of gold. Thinks the gold price has peaked. I agree. Silver still around $25 Oz. $50 next? Everyone can afford. If you have money Bitcoin is moving up. I am out of gold loading on silver and Bitcoin. What are you doing? Got silver and Bitcoin?
— thereal Kiyosaki (@thereal Kiyosaki) July 28, 2020
Trade on the worlds leading Social Trading platform!
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!
Peter Schiff predicted the crash of the US Dollar
Peter Schiff, CEO of Euro Pacific Capital, contradicts this theory is that Bitcoin is about to expire Gold rank and Gold has already reached its High. This is no wonder, because the ship is as a Bitcoin critic and Gold-advocates are known. Add to this, however, is that he predicts the demise of the USD. He writes on Twitter:
The US Dollar has just reached a record low. You need to now about $1.920 to buy a single ounce of #Gold. But this record will not hold long, because of the decline of the dollar has only just begun. He is about to plunge to new Depths and to tear down the American standard of living down with it.
The U.S. dollar just hit an all-time record low. You now need over $1,920 to buy a single ounce of #gold. But this record won’t last long as the dollar’s decline is only just getting started. It’s about to plunge to new depths taking the American standard of living down with it.
— Peter Schiff (@Peter Schiff) July 27, 2020
Who keeps at the end of right, whether Gold or Bitcoin is a better Investment, remains to be seen. There is no doubt that Bitcoin has a one-year performance of nearly 62%, while Gold since the 2. January, approximately 28% in the Plus is. BTC and Gold should be able to both continue its upward trend, much speaks in favour of Bitcoin, the high volatility enabled historically better returns than all other asset classes.
Do you believe in Bitcoin as an Asset in these times?
Are you also bullish towards Bitcoin? Then you’re possibly still on the search for a suitable trading platform, to miss the projected increase of Bitcoin.
We want to help you to find the right contact for a safe, secure trading with Bitcoin. If you are still in search of a reliable, regulated Broker that you
trading with Leverage (2x),taking Long and Short positions,deposits via PayPal,the Sending of real Bitcoins in your Wallet andthe use of a wide range of trading tools,without a Download of any Software is necessary,
then, the world’s leading Social Trading platform, eToro is the Right choice for you!
Here you will benefit from a pleasant Design and easy and intuitive operation with customer service around the clock. Register today, without obligation, and try out all the features of the platform, without being forced to trade with real money.
What are you waiting for? If you’re convinced, then you must act now!
75 % of private CFD accounts lose money. No EU investor protection.
(Image Source: Shutterstock)
The comments in this article do not represent any trading recommendations or investment advice.