Despite the current happenings on the crypto market, Bitcoin is still going strong and has a higher transaction volume than gold. This cryptocurrency went through hell and back and still has an excellent performance which proves that the users believe even more in this coin than before.
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Bitcoin is still on track to achieve and maintain the higher transaction volume than the global gold markets. When we talk about maintaining, we simply address that this is not a one-time event. This is happening for a longer period of time and the movement stayed strong since the second quarter of 2017. At this time of the year, Bitcoin got even with the price of one ounce of gold in early spring. Despite the many hits bitcoin received this summer only, it is still, however, outperforming this very important, precious metal by a factor of two.
As you can see in our Bitcoin newsletter, here the graph below you can see what we are talking about.
Bitcoin shows more utility than any other precious metal that is a store of value for more than hundreds of years. Gold is getting compared to bitcoin for a long time but now some people see it as its replacement for the first time. Even the Winklevoss twins believe that Bitcoin disrupts gold and that it is somewhat better than gold. And not only the Winklevoss twins but many other Bitcoin users and early adopters believe that this cryptocurrency is getting superior to Gold and has many upsides when compared to it.
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