Is Bitcoin “Store of Value” Prospect Against Gold At Risk?

Quick Summary:

The unending Bitcoin (BTC) versus Gold duel as a store of value just got a fresh analysis from legendary trader Peter Brandt.

This analysis comes at a time when the role of these assets as a hedge against inflation is becoming more important.

However, he believes the coin could drop significantly vs Gold to as low as 16.

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Article Details

Author / Journalist: Godfrey Benjamin

Category: Crypto

Markets: India

Topics: Bitcoin 24/7 Cryptocurrency News Bitcoin vs gold

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 14:45:45 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 365 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21887068

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 32 posts per day

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News Last Updated: 8 hours ago

Coverage Areas: India

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