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

Tuesday, October 31, 2023

Bitcoin As Substitute For Gold In Times Of Uncertainty


Bitcoin's price rose in the last two months on global geopolitical uncertainty.

Gold's price remained dormant, only to rise in the recent two weeks on the Israel - Hamas tensions.

It seems Bitcoin is taking over more and more of the statute of gold as a safe haven.

Bitcoin and gold are both undervalued. 

Bitcoin's intrinsic worth is 100 000 USD at the moment, while gold's intrinsic worth is 2 500 USD a troy ounce, according to Wolfteam Ltd.

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