Gold is tousands years old. Bitcoin is 17. Yet, since their ETF debuts, their price charts are almost identical.
If you missed the 2004 gold rush, you’re looking at its twin brother right now 👇
Comparing Gold to BTC since inception of ETFs
The numbers:
• First Gold ETF was in Nov 2004
• First BTC ETF was in Oct 2021
BTC hit it's ATH 48 bars (1461 days) after ETF listing, this is a surge of about 100%
Any similarities?
Gold surged about 80% in the first 48 bars (1461 days)
Conclusion?
• Both assets performed similiar in the first years of listing
• Gold hit a 10x about 22 years after the first listing
• BTC has still much room to grow
What is your conclusion/opinion about Gold vs. BTC performance?
hoeem
@hooeem
01-28
Gold is retarded.
Bitcoin is not retarded.
That’s the trade thesis for the next decade.
nooooo safe BTC
Bitcoin will turn legal this year lmao.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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