Disclaimer:

Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Saturday, October 23, 2021

Bitcoin's Price and Gold


Many analysts see Bitcoin as an investment substitute for gold. And yes, as the price of gold has stagnated, Bitcoin's price reached this week an all time high.

It is interesting that although the USD, the main currency in which Bitcoin's price is quoted, has appreciated, the price of Bitcoin has went further up. Unlike gold's price which moves inversely to the USD as measured towards the EUR and a basket of leading currencies.

I forecast Bitcoin's price could climb above 100 000 USD in 2022.

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1 comment:

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February 1, 2022 at 12:19 AM

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