Gold

when

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<a href="https://twitter.com/PeterSchiff/status/1776685982500245627" rel="noopener noreferrer nofollow">Peter Schiff</a> recently pointed out that gold has been beating Bitcoin over the past two and a half years. This observation comes as gold also surpasses the S&amp;P 500 year-to-date, shedding light on the current state of the <a href="https://u.today/rich-dad-poor-dad-author-issues-warning-about-major-crash" rel="noopener noreferrer nofollow">economy</a>.
Gold's strength lies in its stability. It is seen as a safe-haven asset, a place where investors choose to store their assets when there's market uncertainty. Over the past 2.5 years, gold has shown a steady growth in value, reinforcing its reputation as a strong and safe investment. On the other hand, Bitcoin's path has been far more volatile, with significant ups and downs. The <a href="https://u.today/xrp-price-prediction-for-april-6" rel="noopener noreferrer nofollow">volatility</a>, however, presents both opportunity and extreme risk exposure. <img alt="BTCUSD" data-entity-type="file" data-entity-uuid="224fd8cd-fbc8-4d08-9a23-44b92a2be394" src="https://u.today/sites/default/files/inline-images/image_659.png"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">BTC/USD Chart by TradingView</a>
Comparing the two, gold's price has been steadily rising, reaching around $2,329.57 per ounce, moving well above both its 50-day and 100-day exponential moving averages (EMAs), indicating ongoing strength. In contrast, Bitcoin, currently at around $69,045, has seen more fluctuation and is now facing resistance at $70,000.
Looking forward, for gold to continue its positive trajectory, it would need to maintain support above its 50-day EMA of $2,184. Similarly, for Bitcoin to regain bullish <a href="https://u.today/satoshi-era-bitcoin-whale-suddenly-wakes-up-after-entire-decade" rel="noopener noreferrer nofollow">momentum</a>, it would need to break past current resistance levels and hold above the $67,316 mark. If it fails to do so, it could see support at the 50-day EMA of around $64,000.
Bitcoin's potential for high returns attracts investors willing to take on more uncertainty, which is the opposite for gold. Gold and Bitcoin investors utilize different strategies, and it is not really wise to compare them directly. One offers an extreme risk and volatility exposure, while the second one can be used as a tool to protect against inflation in periods when the economy performs poorly.

Did Gold Beat Bitcoin (BTC) in Last 2.5 Years?

U_Today

Other articles published on Apr 7, 2024

Cardano (ADA) and Bonk (BONK) Stumble Amid Market Downturn; Watch Out For This New AI Altcoin

Can This Underdog Crypto Shine More Than Solana and Avalanche in the Next Rally?

Minneapolis FED President Neel Kashkari Made a Statement About Bitcoin (BTC)

BlockDAG Sets New Crypto Standards with 20,000X ROI Vision, Surpassing Avalanche’s Struggle and R...

Ripple and FLOKI on The Brink of Further Decline; This New AI Altcoin Becomes a Go-To Investment

Crypto Market Surge Spurs Interest in Bitcoin and Altcoins

Join our free newsletter for daily crypto updates!