Bitcoin (BTC) is shaken for the moment by exogenous factors such as the Kucoin hack, the legal problems of BitMEX, the postponement of the distribution of gift vouchers. BTC still comes out with a very honorable mention, with bulls that have been able to defend the $ 10,500 line so far. The turbulent environment has failed to dethrone His Majesty Bitcoin, king of assets in crypto markets and traditional financial markets.
The reign of 1 USD in Bitcoin
The performance of Bitcoin are superior to gold, although the precious metal has just recorded its best performance in the market for a decade.
In fact, an investment of $ 1 in Bitcoin would be more profitable than investing in any other traditional asset.
Bitcoin ends this quarter with an increase of 50%, while the increase in the price of gold barely exceeds 25%.
The S&P 500 correlated to Bitcoin during certain periods, is less than 6% compared to its level in January.
The yield of the US dollar is 2.2%; crude oil is one of the big losing assets this year, with a WTI Crude down 35%.
Let Peter Schiff keep his gold: Bitcoin is better!
For the statistician Willy woo, data from the last 10 years clearly shows that the ROI of Bitcoin is higher than that of gold.
In 2020, 1 USD in BTC allows you to make a profit of $ 0.31 versus $ 0.27 for gold.
In 2017, after the pair’s consolidation period BTC / USD, the gap between the two assets is even more pronounced: 1 dollar in BTC yielded $ 44.53 versus just $ 1.67 for gold.
According to Woo, Bitcoin is about to decouple from gold and other assets to chart its own price path.
Some investors still like to stay in a zone of cognitive blindness by continuing to criticize Bitcoin due to its volatility. Peter Schiff keep defending gold and attacking Bitcoin, while using his son to build up a stock of BTC.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.
Who Said Investing In Crypto Is Hard? Invest $ 1 per day in Bitcoin today, to take advantage of the future price explosion. You will not become a millionaire in 1 month or in 1 year with such a strategy, but the serious predictions are that 1 satoshi = 1 USD in 10 years.
Litecoin, welcome in the Silver Age