Gold vs Bitcoin Chart: BTC Price in Gold (Updated Daily)
So we often discuss the inevitable collapse of fiat currency, but we still cheer when BTC reaches new fiat currency high's. Reality is, much of what we've seen in the last year is simply the devaluation of fiat. In real money terms (gold) we're still down compared to the February 2020 high this year when one BTC = 6.5 oz of gold. Today it's only around 6 oz gold to one BTC. I wish this sub would always discuss BTC price in terms of gold. Update, apparently I didn’t insert link properly https://www.buybitcoinworldwide.com/bitcoin-price-in-gold/
Bitcoin price, stocks and gold plunge in tandem — What’s next?
This post was originally published on this siteThis post was originally published on this siteThe price of Bitcoin (BTC), the S&P 500 index, and gold all fell simultaneously on Sept. 3. The sentiment around the markets remains cautiously negative after the drop. Two factors likely triggered the abrupt decline of Bitcoin by over 8% on the day. First, miners sold off unusually […]
Hey, guys (yeah, girls are also guys at this point) I'm aware that I'm not a genius so let's get to the main point. I understand that this is the base value of BTC and why you should keep your money safe, hedge against inflation etc.. But can you please explain exactly, what will happen to the price, when USD hits hyper-inflation levels? The dollar is cheaper and its value is low, BTC numeral price rise with it? If this wouldn't affect other currencies, then for example BTC/EUR the price still would stay the same, right? As long as EUR is stable (yeah, I know it's totally not the case). So if I'm using inflated USD that doesn't mean that I can buy more BTC because I have more USD on me. My problem is that there's no base currency that we can compare them to. It would be great that we could compare it with gold, but that stuff is valued also with these inflated currencies. Although I found this site that shows price of Gold with BTC. https://www.buybitcoinworldwide.com/bitcoin-price-in-gold/ So, my main concern - what happens to the BTC price when USD inflates/deflates? (and yeah, I know that 1 BTC will always be worth 1 BTC..)
Bitcoin is often called ‘digital gold,’ which led many to assume that the two assets are correlated in some way, but recent research has debunked such theories. Whenever someone starts researching the cryptocurrency space at all, it does not take long before they run into the phrase ‘digital gold.’ which is one of the most common ways people speak of Bitcoin. Like gold, bitcoin is a form of free market money: money chosen by the people who use it because it suits their needs, rather than being money because some government decrees that its subjects shall use it, and backs up that order with force if necessary (legal tender laws). Being a very young money, bitcoin does not have a very stable value. As you can see on the logarithmic chart below, one ... Bitcoin vs. Gold: All-Time Comparison. Comparing the price since 2010, when there is tracking data for Bitcoin, we can see that the increase for BTC has been absolutely massive. The Bitcoin price had a price of $0.06 in July 2010 and has steadily increased, since. On the other hand, the uptrend has been much more gradual for gold. Many feel that comparing the price of Bitcoin to Gold is a better method than comparing it to a fiat currency like US dollars. That is because Gold, like Bitcoin, has a finite supply. Conversely, Dollars are constantly being printed and will likely never stop, so the supply of dollars is always rising tremendously. Gold is also not manipulated by central banks to achieve monetary objectives ... Bitcoin Gold price today is $7.91 with a 24-hour trading volume of $4,163,191. BTG price is up 0.2% in the last 24 hours. It has a circulating supply of 18 Million coins and a max supply of 21 Million coins. Upbit is the current most active market trading it.
Correction: Fork is scheduled for Oct 25th, I spoke the wrong month. Bitcoin gold is a proposed hard fork on the Bitcoin network that will change the proof o... Max Keiser - Buy Bitcoin and Gold in Dollar Collapse and Price Manipulation - Ethereum a SCAM? Know anything about Bitcoin, cryptocurrency, and Alt coins lik... Do you feel the halving has been priced in? Feel free to leave a comment below! Thank you all so much for watching the video. If you enjoyed the video, please consider dropping a like, subscribing ... #bitcoin #gold #bitcoinprice Bitcoin price is looking to move to one million dollars in the next future. Meanwhile, more money shifts out of the gold markets... Jim Rickards is the editor of Strategic Intelligence and the author of Currency Wars: The Making of the Next Global Crisis. He believes gold can go to $10,00...