Bitcoin vs Gold (12/16)

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


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 (12/16): Three thoughts…..

  1. Long bitcoin/short gold (stay the course)
  2. Long bitcoin/cover gold short (or % of gold short)
  3. Long bitcoin/long gold (long gold for trade)

Buy target for gold stands at 1110-1120.

We wrote an article (8/17) going on the record saying bitcoin will outperform gold throughout the future. Should you have done that (long bitcoin, short gold) you would be up $314.87 or 41.8% (see chart above). No reason to change, bitcoin has replaced gold as a safe haven.

Bitcoin vs. Gold Daily Pricing Chart


Bitcoin Close

Daily Points +/- Since Inception +/- Gold Close Daily Points +/- Since
8/17 $575 N/A N/A $1350 N/A N/A
12/16 $778.56 +1.57   +35.4% $1130 -14.0




12/17 $780.91 +2.35 +35.8% $1136 +6.0


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

** Please see articles for reference on pricing below”

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

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