Bitcoin vs Gold (1/12)

By Bill Taylor-CEO, FintekNews & CIO, TLC Capital Group

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Friends, in celebration of the Chicago Mercantile Exchange’s (CME) launch of two new bitcoin indexes (BRR & BRTI), is going to compare the price of bitcoin and gold on a daily basis. We at FintekNews have written (and are on record) of saying that bitcoin will outperform gold in the future.**   Bitcoin IS the new gold.

Trading Notes (1/10):  Perhaps the “novelty” of the Chinese peeking into bitcoin exchanges/trading houses has settled down. Better buy here than $400 higher. Long bitcoin/short gold still “the trade”. Over and over, ‘don’t’ chase gold’. Hit $1200….yawn…..not a fan.

We wrote an article (8/17) going on the record saying bitcoin will outperform gold throughout the future. Thechart below compares the pricing on that date to the two most recent trading days, as reference. 

Bitcoin vs. Gold Daily Pricing Chart

Date

Bitcoin Close

Daily Points +/- Since Inception +/- Gold Close Daily Points +/- Since
Inception
+/-
8/17 $575 N/A N/A $1350 N/A N/A
1/11 $802.84 -$100.12 +39.6% $1192 +4.0

-11.7%

1/12 $791.31 -$11.53 +37.6% $1196 +4.0

-11.4%

 *CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index


** Please see FintekNews.com articles for reference on pricing below”

BITCOIN-GOLD UPDATE (Published 10/26/16)

BITCOIN-GOLD: $2K $3K? Published 8/17/16)