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14.11 - 08:31
What Gold needs to do if it wants to compete with Bitcoin
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Bitcoin and Gold traditionally have an inverse connection with the U.S dollar and are frequently purchased as hedging instruments. Both assets are commonly used to diversify a portfolio or to protect against fiat currency inflation.
People have always invested in gold, which has provided significant returns in the past. However, over the past year, Bitcoin has outperformed gold and provided fantastic gains. At press time, for instance, the mission to BTC overtaking Gold was well underway.
<p lang=«en» dir=«ltr» xml:lang=«en»>#Gold Market Cap: $11.396 T#Bitcoin Market Cap: $1.144 TProgress (Bitcoin surpassing Gold) ▓▓░░░░░░░░░░░░░░░░░░ 10.04%
— Bitcoin vs. Gold (@VersusBtc) October 27, 2021
Now, even though BTC has some catching up to do with
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