Gold Hits Three-Month High as Bitcoin Tests $80,000 - Decrypt
Gold Hits Three-Month High as Bitcoin Tests $80,000 - Decrypt
Source: Decrypt
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DW NOTE
Gold at a three-month high means it was higher three months ago — in late May, before the strait reopened in June. Bitcoin testing $80,000 in the same headline suggests someone thinks these are comparable events. They aren't. One is a 4,700-year store of value down 11.6% from January's all-time high during an active supply shock. The other is a 15-year speculative asset that has lost half its value since peaking above $160,000.