Gold vs Bitcoin (11/22/16)

FintekNews, 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.

So, bitcoin vs gold daily with some trading ideas. Thank you CME for making the comparison available.

Tuesday 11/22:        Bitcoin $747.27 *        Gold $1210.50    

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

Trading thought:  Long bitcoin/short gold for long term investing position.

** Please see articles for reference on pricing below. 

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

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


Bitcoin vs. Gold Daily Pricing Chart


Bitcoin Close

Daily +/- Since Inception +/- Gold Close Daily
8/17 $575 N/A N/A $1350 N/A N/A
10/26 $672 N/A 14.5% $1268 N/A -6.1%
11/22 $747.27 N/A  29.9% $1210.50 N/A  -10.3%