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Fed Chair Jerome Powell Compares Bitcoin To Gold
Fed Chair Jerome Powell Compares Bitcoin To Gold
Federal Reserve Chairman Jerome Powell has broken the silence on the broad comparison between Bitcoin, Gold, and the US Dollar. Speaking at the New York Times Dealbook Summit, he revealed that Bitcoin is a speculative asset that has a closer correlation to Gold rather than the US Dollar.
Settling the Bitcoin Versus Gold Feud
The Fed Chair shared his take on this analogy while speaking with CNBC’s Andrew Ross Sorkin. His statements directly addresses Bitcoin proponents who believe the coin could displace the US Dollar. Rather than tagging it along the USD, Jerome Powell said BTC’s major competitor is gold and not the greenback.
This statement marks a major shift in the recognition of Bitcoin as an asset class. The statement has stirred a debate in the broader market on what this means for the strategic Bitcoin reserve plan President-elect Donald Trump is nursing.
Over the past decade, Bitcoin’s role has evolved significantly. While the coin started as an asset to facilitate Peer-2-Peer payments, it has since grown to become a viable hedge against inflation. The comparison between BTC and gold hinges on this, considering the latter has served as a reliable store of value for centuries.
Another major narrative Bitcoin proponents are pushing over gold is its growth rate. While both assets have recorded multiple All-Time Highs (ATH) thus far this year, BTC has outperformed it in Year-to-Date (YTD) gains.
At the time of writing, BTC price was changing hands for $98,825.64, up by 3.24% in 24 hours. Comparatively, gold price has inked a 0.34% growth to $2,649.08.
Growing BTC Adoption By Institutions
Considering its age ang relevance, many institutional investors like Robert Kiyosaki still advocate for gold. However, there is a significant growth in the number of corporate investors buying Bitcoin.
MicroStrategy is leading the corporate adoption drive of the digital currency. As reported earlier by Coingape, the business intelligence and software firm increased its Bitcoin holdings to 402,100 units earlier this week. This massive boost comes in after the firm bought 15,400 BTC for $1.5 billion.
After about 2 decades that gold ETF products went live, spot Bitcoin ETF products secured approval earlier this year. This product has served as a major channel for traditional investors like Wells Fargo and Susquehanna International Group with BTC positions.
#JeromePowell #FED #bitcoin☀️ #GOLD #CryptoNews
Federal Reserve Chairman Jerome Powell has broken the silence on the broad comparison between Bitcoin, Gold, and the US Dollar. Speaking at the New York Times Dealbook Summit, he revealed that Bitcoin is a speculative asset that has a closer correlation to Gold rather than the US Dollar.
Settling the Bitcoin Versus Gold Feud
The Fed Chair shared his take on this analogy while speaking with CNBC’s Andrew Ross Sorkin. His statements directly addresses Bitcoin proponents who believe the coin could displace the US Dollar. Rather than tagging it along the USD, Jerome Powell said BTC’s major competitor is gold and not the greenback.
This statement marks a major shift in the recognition of Bitcoin as an asset class. The statement has stirred a debate in the broader market on what this means for the strategic Bitcoin reserve plan President-elect Donald Trump is nursing.
Over the past decade, Bitcoin’s role has evolved significantly. While the coin started as an asset to facilitate Peer-2-Peer payments, it has since grown to become a viable hedge against inflation. The comparison between BTC and gold hinges on this, considering the latter has served as a reliable store of value for centuries.
Another major narrative Bitcoin proponents are pushing over gold is its growth rate. While both assets have recorded multiple All-Time Highs (ATH) thus far this year, BTC has outperformed it in Year-to-Date (YTD) gains.
At the time of writing, BTC price was changing hands for $98,825.64, up by 3.24% in 24 hours. Comparatively, gold price has inked a 0.34% growth to $2,649.08.
Growing BTC Adoption By Institutions
Considering its age ang relevance, many institutional investors like Robert Kiyosaki still advocate for gold. However, there is a significant growth in the number of corporate investors buying Bitcoin.
MicroStrategy is leading the corporate adoption drive of the digital currency. As reported earlier by Coingape, the business intelligence and software firm increased its Bitcoin holdings to 402,100 units earlier this week. This massive boost comes in after the firm bought 15,400 BTC for $1.5 billion.
After about 2 decades that gold ETF products went live, spot Bitcoin ETF products secured approval earlier this year. This product has served as a major channel for traditional investors like Wells Fargo and Susquehanna International Group with BTC positions.
#JeromePowell #FED #bitcoin☀️ #GOLD #CryptoNews
Fed Chair Jerome Powell Compares Bitcoin To Gold
Federal Reserve Chairman Jerome Powell has broken the silence on the broad comparison between Bitcoin, Gold, and the US Dollar. Speaking at the New York Times Dealbook Summit, he revealed that Bitcoin is a speculative asset that has a closer correlation to Gold rather than the US Dollar.
Settling the Bitcoin Versus Gold Feud
The Fed Chair shared his take on this analogy while speaking with CNBC’s Andrew Ross Sorkin. His statements directly addresses Bitcoin proponents who believe the coin could displace the US Dollar. Rather than tagging it along the USD, Jerome Powell said BTC’s major competitor is gold and not the greenback.
This statement marks a major shift in the recognition of Bitcoin as an asset class. The statement has stirred a debate in the broader market on what this means for the strategic Bitcoin reserve plan President-elect Donald Trump is nursing.
Over the past decade, Bitcoin’s role has evolved significantly. While the coin started as an asset to facilitate Peer-2-Peer payments, it has since grown to become a viable hedge against inflation.
The comparison between BTC and gold hinges on this, considering the latter has served as a reliable store of value for centuries.
Another major narrative Bitcoin proponents are pushing over gold is its growth rate. While both assets have recorded multiple All-Time Highs (ATH) thus far this year, BTC has outperformed it in Year-to-Date (YTD) gains.
At the time of writing, BTC price was changing hands for $98,825.64, up by 3.24% in 24 hours. Comparatively, gold price has inked a 0.34% growth to $2,649.08.
Growing BTC Adoption By Institutions
Considering its age ang relevance, many institutional investors like Robert Kiyosaki still advocate for gold. However, there is a significant growth in the number of corporate investors buying Bitcoin.
MicroStrategy is leading the corporate adoption drive of the digital currency.
#JeromePowell #FED #bitcoin☀️ #GOLD #CryptoNews
Federal Reserve Chairman Jerome Powell has broken the silence on the broad comparison between Bitcoin, Gold, and the US Dollar. Speaking at the New York Times Dealbook Summit, he revealed that Bitcoin is a speculative asset that has a closer correlation to Gold rather than the US Dollar.
Settling the Bitcoin Versus Gold Feud
The Fed Chair shared his take on this analogy while speaking with CNBC’s Andrew Ross Sorkin. His statements directly addresses Bitcoin proponents who believe the coin could displace the US Dollar. Rather than tagging it along the USD, Jerome Powell said BTC’s major competitor is gold and not the greenback.
This statement marks a major shift in the recognition of Bitcoin as an asset class. The statement has stirred a debate in the broader market on what this means for the strategic Bitcoin reserve plan President-elect Donald Trump is nursing.
Over the past decade, Bitcoin’s role has evolved significantly. While the coin started as an asset to facilitate Peer-2-Peer payments, it has since grown to become a viable hedge against inflation.
The comparison between BTC and gold hinges on this, considering the latter has served as a reliable store of value for centuries.
Another major narrative Bitcoin proponents are pushing over gold is its growth rate. While both assets have recorded multiple All-Time Highs (ATH) thus far this year, BTC has outperformed it in Year-to-Date (YTD) gains.
At the time of writing, BTC price was changing hands for $98,825.64, up by 3.24% in 24 hours. Comparatively, gold price has inked a 0.34% growth to $2,649.08.
Growing BTC Adoption By Institutions
Considering its age ang relevance, many institutional investors like Robert Kiyosaki still advocate for gold. However, there is a significant growth in the number of corporate investors buying Bitcoin.
MicroStrategy is leading the corporate adoption drive of the digital currency.
#JeromePowell #FED #bitcoin☀️ #GOLD #CryptoNews
BREAKING ⚡🚨 Israeli #GOLD reserve recorded all time low since 7th 2023.
🚨 #Houthis are planning to attack all Israel gold, wealth, mineral and Israeli securities in Eilat, Southern Israel.
🚨 Current, Israeli gold reserve recored below $18b from $21B in 2023.
🚨 US arms has stolen Israeli Economy and $GOLD.
why Israeli not buying $BTC ?
🚨 #Houthis are planning to attack all Israel gold, wealth, mineral and Israeli securities in Eilat, Southern Israel.
🚨 Current, Israeli gold reserve recored below $18b from $21B in 2023.
🚨 US arms has stolen Israeli Economy and $GOLD.
why Israeli not buying $BTC ?
If Peter Brandt Is Right
Bitcoin Could Soar 230% Against Gold
Compared to gold, Peter Brandt anticipates a 230% increase in Bitcoin's value in the next 12 to 18 months.
Inflation graph showing gold relative to bitcoin, as revealed by Willy Woo.
Peter Brandt, a seasoned trader, recently posted on his X account on how Bitcoin has beaten gold since its start.
He anticipates that the ratio will "chop" for another twelve to eighteen months, after which he will progress to 100 oz of GC in order to purchase one bitcoin.
At the current price of 29 bitcoins per ounce of gold (GLD), the price of one Bitcoin is $68,000.
After the Bitcoin consolidation phase ends, this ratio might increase to 100 ounces, according to Brandt.
Bitcoin vs. Gold is an area where Brandt has long held a strong position.
Bitcoin has gained more than 375,000% compared to gold since its launch in 2009, far outperforming the traditional haven asset.
Despite Bitcoin's enormous gains, the trader thinks it still has plenty of space to run against gold.
There is ample space for Bitcoin's long-term rally against gold, as shown on his BTC/GLD ratio chart.
Willy Woo also discussed the gold issue, but he frames it in terms of mining advancement.
A graphic showing the development of gold mining technologies was revealed in a post he made on his X account.
According to him, out of 149 billion tons of ore, 213,000 metric tons have been extracted thus far. "We are still early," he joked as he ended his post.
The question of why Woo's chart is nearly ten years old prompted Woo to clarify that the chart in question is actually from OurWorldInData and not his own.
Additionally, he provided a graphic that shows the percentage growth over the past decade, up until the present day. This figure was created by extrapolating the last known annual mining rate from December 2023.
Woo's graph compares the inflation rates of gold and bitcoin (BTC).
It's clear that Bitcoin's inflation rate is falling in comparison to gold's.
#BTC #GOLD #btc70k $BTC $NOT $ORDI
Bitcoin Could Soar 230% Against Gold
Compared to gold, Peter Brandt anticipates a 230% increase in Bitcoin's value in the next 12 to 18 months.
Inflation graph showing gold relative to bitcoin, as revealed by Willy Woo.
Peter Brandt, a seasoned trader, recently posted on his X account on how Bitcoin has beaten gold since its start.
He anticipates that the ratio will "chop" for another twelve to eighteen months, after which he will progress to 100 oz of GC in order to purchase one bitcoin.
At the current price of 29 bitcoins per ounce of gold (GLD), the price of one Bitcoin is $68,000.
After the Bitcoin consolidation phase ends, this ratio might increase to 100 ounces, according to Brandt.
Bitcoin vs. Gold is an area where Brandt has long held a strong position.
Bitcoin has gained more than 375,000% compared to gold since its launch in 2009, far outperforming the traditional haven asset.
Despite Bitcoin's enormous gains, the trader thinks it still has plenty of space to run against gold.
There is ample space for Bitcoin's long-term rally against gold, as shown on his BTC/GLD ratio chart.
Willy Woo also discussed the gold issue, but he frames it in terms of mining advancement.
A graphic showing the development of gold mining technologies was revealed in a post he made on his X account.
According to him, out of 149 billion tons of ore, 213,000 metric tons have been extracted thus far. "We are still early," he joked as he ended his post.
The question of why Woo's chart is nearly ten years old prompted Woo to clarify that the chart in question is actually from OurWorldInData and not his own.
Additionally, he provided a graphic that shows the percentage growth over the past decade, up until the present day. This figure was created by extrapolating the last known annual mining rate from December 2023.
Woo's graph compares the inflation rates of gold and bitcoin (BTC).
It's clear that Bitcoin's inflation rate is falling in comparison to gold's.
#BTC #GOLD #btc70k $BTC $NOT $ORDI
بوت التكبيس من التلجرام .⛏️⛏️⛏️⛏️
البعض يقول كذب ..عذراا ...اقسم بالله بوت صادق
اذا عندك صبر .تربح كل شهر .67$
واذا تحب المنصات اليومية كلها كذب وتعب
تجمع 400.000ثكبيسة ..واش راك خاسر.
يوجد تطبيق التكبيس auto clke
الرابط
#HotTrends #BTC.😉.
#GOLD
Your referral link: https://t.me/avagoldcoin_bot?start=7a38dfdbae7c8cae33d6
البعض يقول كذب ..عذراا ...اقسم بالله بوت صادق
اذا عندك صبر .تربح كل شهر .67$
واذا تحب المنصات اليومية كلها كذب وتعب
تجمع 400.000ثكبيسة ..واش راك خاسر.
يوجد تطبيق التكبيس auto clke
الرابط
#HotTrends #BTC.😉.
#GOLD
Your referral link: https://t.me/avagoldcoin_bot?start=7a38dfdbae7c8cae33d6
Is $BTC More Valuable Asset Than #GOLD ?
🚨 Let's Talk About 🛑
👉Understanding Bitcoin and Gold 🤔
✅Gold:
A precious metal that has been valued for centuries. It's used in jewelry, electronics, and as an investment. Gold is tangible; you can hold it in your hand.
👍Bitcoin:
A digital currency created in 2009. It's decentralized, meaning no single institution controls it. You can't physically hold Bitcoin since it's digital.
The Advantages of Bitcoin Over Gold ✨
Michael Saylor, a big supporter of Bitcoin, argues that Bitcoin is better than gold because:
1. Digital:
Easy to transfer anywhere in the world, fast and with lower fees.
2. Divisible:
You can buy a small part of a Bitcoin, making it accessible to more people.
3. Scarce:
There will only ever be 21 million Bitcoins, making it potentially more valuable as demand increases.
4. Transparent:
Bitcoin's blockchain allows for transparent and secure transactions.
Bitcoin Taking Market Share 📈
Saylor believes Bitcoin will not only attract investors from gold but also from other investment areas like stocks (for example, the SPDR S&P 500 ETF). This means more people and institutions might start investing in Bitcoin, seeing it as a safer or more profitable investment.
The Bitcoin ETF and Potential Liquidity Crisis 💧
A Bitcoin ETF allows investors to buy Bitcoin on the stock market. It's become very popular, with lots of money flowing into it. According to the CEO of CryptoQuant, this high demand could lead to a shortage of Bitcoin available for sale, creating a "liquidity crisis." This means there might not be enough Bitcoin for everyone who wants to buy, possibly making its price go up.
While Bitcoin has many advantages over gold, whether it will become more valuable depends on many factors, including investor confidence, regulations, and market conditions. However, its digital nature, limited supply, and growing acceptance do make a compelling case for its future value.
#HotTrends
#cryptouniverseofficial
$BTC
🚨 Let's Talk About 🛑
👉Understanding Bitcoin and Gold 🤔
✅Gold:
A precious metal that has been valued for centuries. It's used in jewelry, electronics, and as an investment. Gold is tangible; you can hold it in your hand.
👍Bitcoin:
A digital currency created in 2009. It's decentralized, meaning no single institution controls it. You can't physically hold Bitcoin since it's digital.
The Advantages of Bitcoin Over Gold ✨
Michael Saylor, a big supporter of Bitcoin, argues that Bitcoin is better than gold because:
1. Digital:
Easy to transfer anywhere in the world, fast and with lower fees.
2. Divisible:
You can buy a small part of a Bitcoin, making it accessible to more people.
3. Scarce:
There will only ever be 21 million Bitcoins, making it potentially more valuable as demand increases.
4. Transparent:
Bitcoin's blockchain allows for transparent and secure transactions.
Bitcoin Taking Market Share 📈
Saylor believes Bitcoin will not only attract investors from gold but also from other investment areas like stocks (for example, the SPDR S&P 500 ETF). This means more people and institutions might start investing in Bitcoin, seeing it as a safer or more profitable investment.
The Bitcoin ETF and Potential Liquidity Crisis 💧
A Bitcoin ETF allows investors to buy Bitcoin on the stock market. It's become very popular, with lots of money flowing into it. According to the CEO of CryptoQuant, this high demand could lead to a shortage of Bitcoin available for sale, creating a "liquidity crisis." This means there might not be enough Bitcoin for everyone who wants to buy, possibly making its price go up.
While Bitcoin has many advantages over gold, whether it will become more valuable depends on many factors, including investor confidence, regulations, and market conditions. However, its digital nature, limited supply, and growing acceptance do make a compelling case for its future value.
#HotTrends
#cryptouniverseofficial
$BTC
$BTC 🌟Sherlock Holmes | Pay close attention to the gold after approximately 6 hours:
✨ Interest statement from the Central Bank of Japan.. 🇯🇵 The Japanese yen is the third strongest currency in the world, after the dollar first, then the euro second.
👈 If interest on the Japanese yen is raised, the result will be a strengthening of the yen against the currency pairs associated with it, which means a fall in the dollar and a rise in gold.. 📊
👈 If a decision is taken to keep the interest rate unchanged or the interest rate is reduced, the result will be negative for the Japanese yen... and strength for the US dollar, which may give a downward correction for gold.
⭐️ Important 👆👆👆 Very very..
#BTC #GOLD #SOL #XRP #ETH
✨ Interest statement from the Central Bank of Japan.. 🇯🇵 The Japanese yen is the third strongest currency in the world, after the dollar first, then the euro second.
👈 If interest on the Japanese yen is raised, the result will be a strengthening of the yen against the currency pairs associated with it, which means a fall in the dollar and a rise in gold.. 📊
👈 If a decision is taken to keep the interest rate unchanged or the interest rate is reduced, the result will be negative for the Japanese yen... and strength for the US dollar, which may give a downward correction for gold.
⭐️ Important 👆👆👆 Very very..
#BTC #GOLD #SOL #XRP #ETH
$BTC $ETH $BNB
🔴 Why does gold always outperform Treasury bonds 📊?
The reason is simply that the government can issue treasury bonds whenever it wants, which does not require any real energy expenditure.
• But to produce a new unit of gold, you must dig into the ground and extract the shiny metal, which requires much more energy than printing or issuing bonds.
• It is the amount of energy expended that drives the price versus return.
• So, in the long run, gold will always return more than bonds.
📊 Gold > Bond Yield.
🌟 This is a basic rule in investing.
#BlackRockETHOptions #MarketDownturn #RoninBridgeAlert #GOLD #BTC
🔴 Why does gold always outperform Treasury bonds 📊?
The reason is simply that the government can issue treasury bonds whenever it wants, which does not require any real energy expenditure.
• But to produce a new unit of gold, you must dig into the ground and extract the shiny metal, which requires much more energy than printing or issuing bonds.
• It is the amount of energy expended that drives the price versus return.
• So, in the long run, gold will always return more than bonds.
📊 Gold > Bond Yield.
🌟 This is a basic rule in investing.
#BlackRockETHOptions #MarketDownturn #RoninBridgeAlert #GOLD #BTC
#BTC #GOLD 5 Reason Why Is Following Gold In Price
While BTC out performed the crypto market in the following Russia-Ukraine conflict. it has outperformed since the commencement of the middle East conflict. But things are changing!
An interesting observation emerges regarding the performance of bitcoin relative to gold. The BTC to gold ratio, a gauge of their relative performance has dropped from 15 to 14, marking its lowest since august.
5 Reasons
1 SAFE HAVEN STATUS OF GOLD
Traditionally, gold has been considered as safe haven aaset. In time of economic uncertainty such as war, investors tend to flock to gold. this drives gold prices higher. Since Bitcoin is the digital gold, it is a modern safe haven asset.
2 INFLATION HEDGE STATUS
Both bitcoin and gold are seen as stores of value and hedges against inflation.
3 MARKET SENTIMENT
The Israel-Hamas war has contributed to fear in the market
4 LIQUIDITY
For many investors in the war affected regions and the Asia-pacific, liquidity is a priority.
even though gold has universal liquidity, it doesn't offer instant liquidity because is a physical asset.
5 DEMOGRAPHICS
Younger investors might be more inclined toward Bitcoin, while traditional investors might favor gold. the risk taking attitude of younger investors will be key in adding more buy pressure to bitcoin.
While BTC out performed the crypto market in the following Russia-Ukraine conflict. it has outperformed since the commencement of the middle East conflict. But things are changing!
An interesting observation emerges regarding the performance of bitcoin relative to gold. The BTC to gold ratio, a gauge of their relative performance has dropped from 15 to 14, marking its lowest since august.
5 Reasons
1 SAFE HAVEN STATUS OF GOLD
Traditionally, gold has been considered as safe haven aaset. In time of economic uncertainty such as war, investors tend to flock to gold. this drives gold prices higher. Since Bitcoin is the digital gold, it is a modern safe haven asset.
2 INFLATION HEDGE STATUS
Both bitcoin and gold are seen as stores of value and hedges against inflation.
3 MARKET SENTIMENT
The Israel-Hamas war has contributed to fear in the market
4 LIQUIDITY
For many investors in the war affected regions and the Asia-pacific, liquidity is a priority.
even though gold has universal liquidity, it doesn't offer instant liquidity because is a physical asset.
5 DEMOGRAPHICS
Younger investors might be more inclined toward Bitcoin, while traditional investors might favor gold. the risk taking attitude of younger investors will be key in adding more buy pressure to bitcoin.
🚀 Gold vs. Bitcoin: A Comparative Analysis 🚀
🔹 Gold's Bullish Trend: The #GOLD chart is making headlines! We’re witnessing continuous higher highs and higher lows, signaling strong bullish momentum.
🔹Bitcoin's Struggles: In contrast, #BTC is experiencing a downtrend with lower highs and lower lows.
🔹 Gold's Role: Historically, Gold serves as:
- A hedge against inflation 💰
- A safe haven during times of war 🌍
- A reliable asset amidst global uncertainties 🌐
🔹 Anticipation of FED Actions: Gold’s upward movement might also be anticipating potential rate cuts by the FED 📉.
🔹 Bitcoin vs. Gold: I don't compare Bitcoin to Gold directly since Bitcoin is unlikely to reach Gold's level of stability. However, examining Gold’s performance raises questions about Bitcoin’s current downturn. What factors could be contributing to Bitcoin’s decline?
- Government selling? 🏛️
- Mt. Gox repayments? 💸
🔹 Opportunity in Dips: While Bitcoin's setup isn't ideal right now, significant dips could present excellent opportunities for spot trading and major swings 📈.
🔹 Patience is Key: No current setup for $BTC , but staying patient could lead to a great trading opportunity in the future.
🔹 Gold's Bullish Trend: The #GOLD chart is making headlines! We’re witnessing continuous higher highs and higher lows, signaling strong bullish momentum.
🔹Bitcoin's Struggles: In contrast, #BTC is experiencing a downtrend with lower highs and lower lows.
🔹 Gold's Role: Historically, Gold serves as:
- A hedge against inflation 💰
- A safe haven during times of war 🌍
- A reliable asset amidst global uncertainties 🌐
🔹 Anticipation of FED Actions: Gold’s upward movement might also be anticipating potential rate cuts by the FED 📉.
🔹 Bitcoin vs. Gold: I don't compare Bitcoin to Gold directly since Bitcoin is unlikely to reach Gold's level of stability. However, examining Gold’s performance raises questions about Bitcoin’s current downturn. What factors could be contributing to Bitcoin’s decline?
- Government selling? 🏛️
- Mt. Gox repayments? 💸
🔹 Opportunity in Dips: While Bitcoin's setup isn't ideal right now, significant dips could present excellent opportunities for spot trading and major swings 📈.
🔹 Patience is Key: No current setup for $BTC , but staying patient could lead to a great trading opportunity in the future.
Gold’s Bull Run Inspires Bitcoin Forecasts: Insights From Fred Krueger and Jack Mallers
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
Gold has been on an impressive streak in recent times, hinting at underlying economic worries, according to bitcoin proponent Fred Krueger’s latest analysis. He speculates that bitcoin might soon follow a similar trajectory, fueled by broader financial factors. Jack Mallers, the founder of Strike, shares this sentiment, asserting that “bitcoin is the best expression of fiat debasement” and will likely mirror gold’s ascent.
From Gold to Bitcoin: Are Hard Assets Poised for Major Gains?
In a recent video called “Gold Smells Inflation,” Fred Krueger recently delved into gold’s noteworthy performance over the past two decades. He noted that from the early 1980s until 1999, gold endured a prolonged slump, with investor attention largely shifting to stocks, especially those in the S&P 500 and Nasdaq.
However, Krueger notes that gold began to rebound in the early 2000s, particularly around 2004, with the advent of gold exchange-traded funds (ETFs) boosting its value. Since then, Krueger pointed out, gold has increased tenfold, outpacing the Dow Jones Industrial Average’s fourfold growth.
Krueger attributes the recent climb in gold prices to rising economic instability, particularly in response to proposed policies by U.S. Vice President Kamala Harris. He compares these policies to those seen in socialist or communist regimes, raising concerns over wage and price controls similar to those implemented in countries like Venezuela and Zimbabwe.
#GOLD #BullRun #Bitcoin #Trump #LowestCPI2021 $BTC $ETH $SOL
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
Gold has been on an impressive streak in recent times, hinting at underlying economic worries, according to bitcoin proponent Fred Krueger’s latest analysis. He speculates that bitcoin might soon follow a similar trajectory, fueled by broader financial factors. Jack Mallers, the founder of Strike, shares this sentiment, asserting that “bitcoin is the best expression of fiat debasement” and will likely mirror gold’s ascent.
From Gold to Bitcoin: Are Hard Assets Poised for Major Gains?
In a recent video called “Gold Smells Inflation,” Fred Krueger recently delved into gold’s noteworthy performance over the past two decades. He noted that from the early 1980s until 1999, gold endured a prolonged slump, with investor attention largely shifting to stocks, especially those in the S&P 500 and Nasdaq.
However, Krueger notes that gold began to rebound in the early 2000s, particularly around 2004, with the advent of gold exchange-traded funds (ETFs) boosting its value. Since then, Krueger pointed out, gold has increased tenfold, outpacing the Dow Jones Industrial Average’s fourfold growth.
Krueger attributes the recent climb in gold prices to rising economic instability, particularly in response to proposed policies by U.S. Vice President Kamala Harris. He compares these policies to those seen in socialist or communist regimes, raising concerns over wage and price controls similar to those implemented in countries like Venezuela and Zimbabwe.
#GOLD #BullRun #Bitcoin #Trump #LowestCPI2021 $BTC $ETH $SOL