Gold / Bitcoin / Ethereum – which one is to win?
In the past, the main precious metal was considered by investors as a safe haven asset during the development of the financial crisis. However, the rise of digital financial technologies has given birth to a new kind of digital gold: Bitcoin. This was highlighted in a recent analytical review by experts from Bitcoinist, who compared the dynamics of gold, Bitcoin, and Ethereum.
According to the analysis, while gold has gained 9% in price this year, Bitcoin has grown by over 70%. Despite a banking crisis in the United States, Bitcoin continues to gain momentum, having risen by 30% in the past week alone, from $19,000 to $28,500.
Ethereum, on the other hand, has lagged behind, with only a 13% increase in price over the past seven days.
The experts at Bitcoinist note that an increasing number of investors are considering investing in the cryptocurrency sector these days.
The rise of Bitcoin as a digital gold has been attributed to its scarcity, decentralization, and security. These factors, along with an increasing number of institutional investors, have contributed to the cryptocurrency’s phenomenal growth in value.
While there are certainly risks associated with cryptocurrency and its mining, the potential rewards are significant. With the right knowledge and resources, it is possible to generate substantial profits and benefit from the growth of the cryptocurrency market.
If you want to try Bitcoin mining – it would be wise to focus on accumulating affordable mining hash power now before the prices started to grow. You can select your Bitcoin mining contract now in ECOS updated online calculator.
As the world continues to embrace digital financial technologies, it will be interesting to see how the dynamics of gold, Bitcoin, and other cryptocurrencies evolve over time. Invest in Bitcoin while it’s still cheap to enter its mining and avoid any future regrets of missed opportunities.