Bitcoin vs Gold (12/6)

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 (12/56: Keeping with the upward trend in bitcoin and downside in gold. Please take a look at an article in our daily newsletter posting shortly (www.finteknews.com) with long term comments on bitcoin.

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

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
12/5 $752.23 -20.28  +30.7% $1171 -7.0

 -13.3%

12/6 $758.63 +6.40  +32.0% $1170 -1.0

 -13.3%

 *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)