METAL vs DIGITAL 1/5: #Bitcoin often labeled digital #gold, though many disagree with the comparison. Over the past few months, global economic events and the halving have breathed new life into this discussion. Let’s take a look at a few stats on the topic.
METAL vs DIGITAL 2/5: In terms of supply and demand, the cryptocurrency and the precious metal behave quite differently. Gold supply has outpaced demand over the last decade. #Bitcoin , on the other hand…
METAL vs DIGITAL 3/5: The number of #Bitcoin addresses holding more than 1000 BTC has been steadily rising over time, which implies more whales in the ocean, but also shows growing trust in BTC as a store of value appropriate for holding large amounts.
METAL vs DIGITAL 4/5: #Gold is touted as a safe haven due to its lack of correlation with other assets, especially stocks. #Bitcoin ’s safe haven status is still under debate, but data shows its price is only correlated with other cryptocurrencies, not gold or S&P.
METAL vs DIGITAL 5/5: While #gold has been used as a store of value for thousands of years and successfully served as a safe haven, #bitcoin still has a lot to prove. But the fact that this is a legitimate discussion already shows how far #crypto has come over the past decade!
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