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Here’s the upshot: Gold beats Bitcoin as an inflation hedge for a variety of reasons. ... could traders at least use Bitcoin as a hedge against a volatile stock market? Even that seems dubious.
The stock market had a wonderful performance last year. That bullish fever trickled to other assets, like gold. The precious metal saw its price rise 26% in 2024. But that gain doesn't hold a ...
Bitcoin was up 125% for the year, which trounced the performance of the Nasdaq (up 30%), gold (up 27%), and the S&P 500 (up 24%). However, Bitcoin was not the best-performing cryptocurrency of 2024.
The total value of all above-ground gold reserves currently stands at $17.7 trillion, so Bitcoin's market capitalization ($1.9 trillion as of this writing) would have to grow by 831% to catch up ...
Bitcoin's market cap would have to soar 863% to match that, which translates to a price per coin of around $929,000 (based on the current supply of 19.8 million Bitcoins).
BitConnect was described as an open source, all-in-one bitcoin and crypto community platform but was later discovered to be a Ponzi scheme. 2018 KodakCoin: Kodak and WENN Digital Ethash [84] KodakCoin is a "photographer-centric" blockchain cryptocurrency used for payments for licensing photographs. Petro: Venezuelan Government: onixCoin [85 ...
Citing bitcoin's $700 billion market capitalization, compared to the around $2.6 trillion worth of gold owned as an investment, Goldman Sachs said that the cryptocurrency currently has a 20% share ...
Bitcoin vs. Gold: Different inflation effects Cathie Wood also highlighted how this inflation-proofing approach differs from gold. "When the gold price goes up, production goes up -- the rate of ...