Let's see the mere fact how Bitcoin beats gold in price performance since late of 2020 till early of 2021.
- The unemployment rate in the USA. is stagnant in last 3 months (November 2020 to January 2021) with the correspondent rates for Nov, Dec. and Jan. are 6.7%, 6.9% and 6.7%.
- Gold has a stagnant movements in the past 3 moths as well and it currently is trying to break out again.
- Bitcoin, in the same period, is outperform and after broke its 2017 all time high, it continuously sets up a few new all time highs.
Additionally, below is the table for % of profit you can earn with Bitcoin or Gold since 1 Nov 2020 to 9 Jan 2020 shows the mere and impressive fact of out-performance from bitcoin.
- BTC (monthly min) is the minimum of daily close price of BTC each month.
- GOLD (monthly min) is the minimum of daily close price of GOLD each month.
- BTC (9 Jan 2021) is the price of BTC as of writing
- GOLD (9 Jan 2021) is the price of Gold as of writing
- % of profit for BTC investment in monthly min is 116.8% and with today price is 195.9%.
- % of profit for Gold investment in monthly min is 7.1% and with today price is 18.9%.
- I used min value for monthly price here with an assumption to buy at lowest price and falls into panic sell, shake hands at lowest price next months. Even weakly shakes hands, profits are still unimaginable huge.
