Bitcoin vs Gold (12/7)

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 (12/7): Almost even today on the point gains. Long time trader friend in Chicago called me today and asked if gold might be a buy since its been beat up. I said WHY? He also didn’t know much about (like nothing) bitcoin. Enough said; buy bitcoin, its the new gold (just not for jewelry).

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
12/6 $758.63 +6.40  +32.0% $1170 -1.0


12/7 $764.50 +5.87  +32.9% $1176 +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)