The encryption and trading analyst predicts that Bitcoin (BTC) will begin to perform gold.
In new Video updateTelling a group of InvestansWers of its 565,000 subscribers in YouTube that the best encryption assets in the market should exceed gold in the coming months, saying that the precious metal looks excessive after its equivalent gathering to $ 3500.
“If you look at the fixed relationship between Bitcoin and Nasdaq, it is very narrow because Bitcoin is the same as the risks, [while] Gold is considered one of the origins. But here, if you look at the bitcoin/Gold association, it is strongly fluctuated. Half the time, not related; Half the time, is associated.
Therefore, there is no indication of the direct connection, and Bitcoin has already had a half -half period, and in fact, we have reached the highest new level ever before half, which had not happened before with Bitcoin. But its association with gold is still low.
Now, if you look at this scheme and just as the man was the cave, what would I explain? I expect the bonding to the gold because the broader dynamics of the market will also change. I also think that gold has been excessive at the height of the purchase, so I see that gold climbs and sees Bitcoin rising against gold during the next six months. “
InvestansWers says that the summary explanation for its analysis is that the main digital origins fall behind gold and will begin to excel the precious metal during the next six months.
BTC is trading for $ 93,870 at the time of writing this report, which is a decrease in the past 24 hours while gold value At $ 3,283 an ounce, a marginal decrease per day.
https://www.youtube.com/watch?
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