Throughout the 19th century, gold became actively traded on exchanges, particularly after the establishment of the London Gold Exchange in 1850. In the initial months of trading, gold prices were volatile, influenced by various factors such as political instability, economic crises, and mining news. However, over time, as market dynamics were established, prices stabilized and began to rise.
By the end of the 1890s, 40 years later, gold prices had likely significantly increased in percentage terms, much like how stable growth trends are observed over a 10-year period in today's market. This indicates a gradual establishment of stability in the gold market, which may foreshadow further price increases in the future.
Drawing a parallel to today, we can liken this trend to Bitcoin. Just as gold went through a phase of initial development in the past, Bitcoin is currently in its nascent stage on the stock market. Despite temporary fluctuations and volatility, with the emergence of stability and the establishment of market trends, we can expect further price growth for Bitcoin, similar to what occurred with gold in the past.
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