Bitcoin vs. Gold. "Ultimate Bubble" face off! + Soros Indicator!
Who wins? Bitcoin is definitely the prettier of the two xD
Some info:
George Soros famously called gold the ultimate bubble in 2010 due to declining interest rates which he felt would lead to the formation of asset bubbles (link), however didn't stop him from buying, first in 2010 (link) before the bubble burst and then later in 2016 (link).
He sold off his gold after it peaked in 2012 (link) and then reacquired after it found a bottom in 2016.
Soros also bet ON Bitcoin in 2017 by acquiring shares in Overstock in Q4 which he subsequently sold in Q1 2018, after the market peaked.
Look at the charts. What do you think?
Are gold and Bitcoin similar bubbles? Is the Soros Indicator reliable?
Some info:
George Soros famously called gold the ultimate bubble in 2010 due to declining interest rates which he felt would lead to the formation of asset bubbles (link), however didn't stop him from buying, first in 2010 (link) before the bubble burst and then later in 2016 (link).
He sold off his gold after it peaked in 2012 (link) and then reacquired after it found a bottom in 2016.
Soros also bet ON Bitcoin in 2017 by acquiring shares in Overstock in Q4 which he subsequently sold in Q1 2018, after the market peaked.
Look at the charts. What do you think?
Are gold and Bitcoin similar bubbles? Is the Soros Indicator reliable?
Kommentera:
This Medium article on the similarity between Bitcoin and early COMEX gold futures was brought to my attention. Just reposting here: medium.com/swlh/will...-to-gold-b7d35704641
Kommentera:
Gold vs. BTC (2013 bubble + bear market comparison)
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I wrote a very short Medium article that sums up all I see in the similarities between Bitcoin's bubble phases and the gold, silver and stock markets. medium.com/@sunnyday...markets-9d622e8ca770
Kommentera:
@SaimanLi sent another interesting article on gold futures and Bitcoin my way blog.goodaudience.co...of-gold-81418864c961
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