Recent fluctuations in the crypto currency market draw attention. Bitcoin price was watched in the last 24 hours, while a significant increase in gold prices has experienced. According to market data, gold reached new record levels; Bitcoin increased relatively low.
Gold and Bitcoin
When the market data were examined, it was stated that gold increased by about 3.23 %in the last day. The price of gold reached approximately 3,326.76 dollars and established a record. On the other hand, Bitcoin increased only 0.25 %in the same period and traded around $ 85,147. It was observed that there were significant differences between the two beings in the short term.
Bitcoin’s recent price fluctuations continue to attract the attention of investors. The opening price was 84,900 dollars, while the day decreased to $ 83,185 and then rose to around 85,332 dollars. In the long run, Bitcoin is expected to reclaim the highest level of $ 109,114. However, the chaos related to tariffs must end.
Peter Schiff Crypto Money Review
Some experts say that gold stands out as a value storage tool, warnings on Bitcoin’s volatility. In this context, Peter, a “Golden Bug”, who is a golden fan and known for his opposition to Bitcoin, said;
Peter Schiff: I expect Bitcoin to maintain a decline because it does not exceed critical resistance levels.
Bitwise CIO Matt Hougan, one of the sector representatives, suggested that market conditions may cause weak performance in Bitcoin in the short term. Hougan, in the long run, an important rise can begin, he said.
It is observed that current economic uncertainties, such as tariffs between the United States and China, have an impact on both beings. While Gold increases its value in this uncertainty environment, Bitcoin’s volatility continues to cause controversy among investors.
Market data and expert assessments show that investors should consider the differences between Gold and Bitcoin when creating asset portfolios. There are various views on the long -term effects of fluctuations and the existing economic environment.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
