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.

Read our prior daily commentaries on Bitcoin vs Gold here

Trading Summary Notes for Monday, 3/20/17

  • Bitcoin big drop on a Friday to Monday basis
  • Fundamental change in Bitcoin with potential hard fork
  • Until there is more clarity on this potential, CLOSING ABOVE POSITION & RECOMMENDATION. 7 MONTH PROFIT 89.9% BITCOIN/+ $467.43; GOLD + $116 (+$583.43)
  • Gold breakout above $1250 resistance would be bullish with move to above $1300 expected.
  • Will sit out Bitcoin until further notice.

Bitcoin vs. Gold Daily Pricing Chart

See other content on bitcoin & digital currencies here

* 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)