FintekNews, 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.
So, bitcoin vs gold daily with some trading ideas. Thank you CME for making the comparison available.
Friday 11/25: Bitcoin $734.96 * Gold $1179.00
* CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index
Trading thought: Long bitcoin/short gold for long term investing position.
** 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)
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 |
11/23 | $737.79 | -9.48 | +28.0% | $1188.10 | -22.40 | -12.0% |
11/25 | $734.96 | -2.83 | +27.8% | $1179.00 | -9.1 | -12.7% |