A 100$ million in BTC, 2020 has a lot of institutions taking the decisions to buy into Bitcoin. It hasn't happened like that in any other year. As for BTC Vs gold, it safe to say this year in general was a year Crypto got more traction than gold. Though gold still remains an excellent store of value.
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The BTC versus gold is going to be interesting. I think demographics help it in the short term. The millennials are all into BTC as opposed to gold.
From what I understand, as India gets wealthier, they will eat up the gold since they love it there.
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Wouldn't this even make gold more valuable? wow interesting. I believe BTC can replace gold, I love the competition and it's evident BTC is doing way better at least.
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Certainly that would drive the value of gold up. Of course, it might take decades for India to get there.
Gold is also going to benefit from a commodity run that is likely to start around 2023. That will carry all commodities, including gold, higher.
Might be a major drop in the meantime as people realize the crash that is going to happen is not due to inflation but deflation. This will crush gold.
I expect it to test the 2015 low.
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Well might crush gold but then the 2015 lows was epic, for gold to actually test it again, it would be disastrous to a lot of people using it to store value..
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Yes gold is not set in stone. It does tend to fluctuate greatly over time.
No different than Bitcoin. Gold, contrary to many beliefs, is volatile over the decades too.
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