Did Bitcoin’s Q4 2018 Price Performance Prove It’s Not Digital Gold? Think Again

2019-2-2 17:44

Writing for Market Watch Tuesday, Aaron Hankin asserts that Bitcoin’s price plunge along with the NASDAQ and other equities benchmarks in Q4 2018 proves Bitcoin is more like a tech stock than digital gold as some Bitcoin proponents have characterized it.

Typically when soft assets like stocks and bonds are in free fall, investors’ money flees into hard assets like precious metals for shelter from the market turbulence. That’s exactly what happened with gold in Q4 2018. As Wall Street crashed and burned, the spot price of gold was buoyed by investors looking for relief from the hemorrhaging. If Bitcoin

Did Bitcoin’s Q4 2018 Price Performance Prove It’s Not Digital Gold? Think Again by CCN

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bitcoin gold 2018 price like digital investors

Источник: ccn.com

bitcoin gold → Результатов: 126


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Bitcoin market cap nears 10% of gold as institutional interest soars – Incrementum report

Quick Take A report compiled by wealth management firm Incrementum, shared by Tuur Demeester, a researcher at Adamant Research sheds light on the growing institutional interest in Bitcoin. The research, titled “The New Gold Playbook,” highlights the increasing resemblance of Bitcoin to gold, supported by various charts.

2024-5-23 18:50


Bitcoin Emerges As the King Of Assets,10X Growth Over Gold During US Banking Crisis

Despite the volatile price action of Bitcoin (BTC), the world’s largest cryptocurrency has outperformed every other asset, including gold. Although it is trading below its psychological milestone of $30,000 at $29,000, Bitcoin is expected to grow further in 2023, as it acts as a safe haven for investors amidst the US banking crisis.

2023-4-29 23:00


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