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Home Videos

Investors Are Dumping Gold for Bitcoin – Here’s Why!

DeFi Daily News by DeFi Daily News
November 27, 2024
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Investors Are Dumping Gold for Bitcoin – Here’s Why!
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The price of gold has been going vertical, and is currently trading at all time highs. The question is, how long can this pump continue, and could these gains be rotated into crypto – especially BTC.

That’s because (as you’ll know), Bitcoin is seen by many as a digital gold. Its use case as a store of value and a hedge against inflation means that traditional gold investors could have no problems with understanding the many benefits of the largest cryptocurrency.

Today, we’ll look at how gold has been performing, how long the pump could continue, whether investors could rotate into other assets, and what this could mean for the crypto market.

Enjoy!

~~~~~

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~~~~~

📺 Essential Videos 📺

Gold vs BTC 👉 https://youtu.be/P18frOZUZmU?si=-iQx-JZzuNaPoAfI

~~~~~

⛓️ 🔗 Useful Links 🔗 ⛓️

► BTC vs Gold as an Inflation Hedge: https://coinbureau.com/analysis/bitcoin-vs-gold-inflation-hedge/
► Gold/silver Ratio Explained: https://www.investopedia.com/terms/g/gold-silver-ratio.asp

~~~~~

– TIMESTAMPS –
00:00 Intro
00:38 The Relationship Between Gold/Silver and Cryptocurrencies
05:45 Gold’s Recent Price Action
07:36 Why Has Gold Been Rallying, And How Long Can It Last?
12:18 Are These Gains Likely To Be Rotated Into Silver?
14:54 What This Could Mean For The Crypto Market
18:02 Outro

~~~~~

📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#btc #bitcoin #gold

source

Tags: altcoin rotationBitcoinbitcoin all time highbitcoin futurebitcoin priceBitcoin vs Goldblockchainblockchain technologybtc price analysisbtc rallybtc vs fiatcrypto marketcrypto newscryptocurrency investingcryptocurrency tradingdigital goldDumpingeconomic uncertaintyEthereumfinancial marketsGoldgold backed stablecoinsgold bull rungold pricegold price all-time highgold price predictiongold rallygold to silver ratioHeresHodlinflation hedgeInvestors
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