We have never seen this yet, but that does not put it outside the realm of possibility, necessarily.
For the first time ever, the price of one bitcoin has surpassed the price of one ounce of gold.The auction is the latest by the Marshals Service of the digital currency.
Over the past seven years, Bitcoin experienced a meteoric rise in terms of market.
However, over the past seven years, one experienced a meteoric rise in terms of market cap, user base and value, while the other failed to live up to the expectations of its investors.Both Bitcoin and gold are considered prominent stores of value and safe haven assets.
If a massive gold supply is discovered, then gold could become inflationary in terms of supply and could hinder its mid-term value.
Gold is widely regarded as a safe haven asset, which by definition means an investment that retains or increases its value amidst market turbulence and economic certainty, over time.Over the past seven years, Bitcoin experienced a meteoric rise in terms of market cap, user base and value, while gold failed to live up to the expectations of its investors.Gold has failed to sustain its value over a seven-year period and has failed to see an increase in its value.Bitcoin Analysis, Bitcoin Economics, Bitcoin Opinion, Bitcoin Price News, News.
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