bitcoin gold Bitcoin IS the New Gold

In celebration of the Chicago Mercantile Exchange’s (CME) launch of two new bitcoin indexes (BRR & BRTI), FintekNews is comparing the price of bitcoin and gold on a daily basis.

Trading Notes for Tuesday, 3/10/17:

  • Friday's SEC decision on ETF a non-event. A little wild & scary, but still a non-event
  • Bitcoin recovers nicely from deep slide. $1100 area secure
  • Buyer at $1075-$1125. Short term trading range $1100 to $1300-$1350.
  • Long term bitcoin bullish.
  • Gold looks ugly. Rising rates NOT good for gold. Rising dollar NOT good for gold. Crowded trade with significant downside risk.
  • LONG Bitcoin/SHORT Gold.

Bitcoin vs. Gold Daily Pricing Chart

* Prices are from CME’s BRR index as of

4:15 EST

; gold as of

4:15 EST

near term future

** Inception began Aug. 17, 2016 (see FintekNews article)

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index We wrote an article (8/17/16) going on the record saying bitcoin will outperform gold

throughout the future.

The chart above compares the pricing on that date to the two most recent trading days, as reference. We at FintekNews have written (and are on record) of saying that bitcoin will outperform gold in the future.

Please see following FintekNews articles for reference on pricing in graph:

BITCOIN-GOLD UPDATE (Published 10/26/16) BITCOIN-GOLD: $2K $3K? Published 8/17/16)