By Bill Taylor-CEO, 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 (1/23): Bitcoin seems destined for new all time highs with gold being “dragged” along. Gold is more susceptible to dollar swings, more so than bitcoin. Being long bitcoin and short gold (even gold ETF) is a winning trade with bitcoin closing in on parity with gold. Stay the course.
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
|Daily Points +/-||Since Inception +/-||Gold Close||Daily Points +/-||Since
** 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)