Bitcoin
Dollar High succumbed Thursday while the largest cryptocurrency exceeded $ 111,800, a remarkable gain of 50% compared to its hollow in April nearly $ 75,000, but when it is measured compared to traditional value stores like gold and money, the BTC – often nicknamed “digital gold” – always has room to move forward.
The Bitcoin / Gold ratio amounts to 33.27 ounces, below its January peak of more than 40 oz. BTC also did not reach a summit of all time against money, although it has just raped the 3,300 oz. Level, compared to the record of 3,530 oz.
The digital gold nickname reflects the fixed Bitcoin and decentralized nature power supply, and it is increasingly up to the name of the name. In recent weeks, he has surpassed American actions, which remain slow for the year despite recovery of their slowdown induced by the price rate in April.
In Fiat terms, Bitcoin also approaches important psychological stages through other currencies. It currently exchange approximately 82,500 British pounds, just less from its top of 88,300 pounds, and to 91,500 Swiss francs, compared to a previous peak of just under 100,000 francs. These levels refer to imminent breakthroughs as Bitcoin wins an additional force.
In particular, BTC has already reached heights of all time compared to the main financial instruments such as the NASDAQ 100 and the ETF of the bonds of the treasury of 20 years and over 20 years (TLT). Its continuous outperformance of obligations and technological actions highlights a broader trend. The final border remains precious metals. The surpassing of gold and silver references will mark a complete reversal of monetary domination.
