Is Bitcoin’s game over compared to gold?
On one side, China is aggressively buying gold, and on the other side, Donald Trump is very optimistic about crypto. This situation looks like a battle between two global powers. In the beginning, both gold and Bitcoin were in a tough race, but now investors clearly seem to be shifting towards gold.
Bitcoin is often called “digital gold,” but in the past one year, gold has increased by 60%, while Bitcoin has dropped by 5% — the results are right in front of you. After the recent crash, it’s becoming clear that Bitcoin is losing its momentum in this era. Of course, crypto has its own value, but at the moment, Bitcoin is in a downtrend. Until it crosses above $100,000, it’s better not to jump in.