Crypto News

Over the past 7 years the bitcoin has increased in price by 83 000%, and gold fell by 20%

During the last seven years, the cost of bitcoin has steadily increased and the price of gold, in contrast, steadily declined. This drew the attention of the Twitter user under the nickname Rampage.

He stressed that the rate of BTC since 2012 jumped by 83 331%. During this same time, the cost of the basic precious metal, in contrast, fell by 20%.

As a point of reference, the expert took in 2012, when a Troy ounce of gold was $1800. Then began the decline in the value of the metal, and now it trades at $1490.

Thus, the forecast is known to the investor and bitcoin skeptic Peter Schiff about the imminent collapse of BTC has no reason to. Recall, Schiff recently on Twitter again criticized bitcoin and has announced a drop in its value to $2000 or even below this mark.

The financier has repeatedly predicted the collapse of bitcoin, however, is still the first cryptocurrency not only lives, but also actively reaching out to new markets.

Proof of the growing interest in BTC is the fact that institutional capital is starting to come into bitcoin. This was previously stated by the representatives of cryptosphere and referred to data from trading platforms.


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