Bitcoin Overtakes Gold in Transaction Volume
Bitcoin has overtaken gold in terms of average intraday transaction volume. This was recorded back in the first half of last year, right after BTC reached parity with the price of an ounce of gold, and ignoring the recent fall in the rate, it seems that it is not going to stop.
It is worth noting that, despite the considerable decline that bitcoin faced this year, it still overtakes the precious metal in a number of indicators.
During its existence, bitcoin has managed to show everyone an influential efficiency in the digital age than the most popular precious metal that society has been using for thousands of years to save capital.
Gold is often compared to the father of the cryptocurrency market. This year, entrepreneur John Pfeffer, a partner at PfefferCapital, said that bitcoin is the first viable replacement for gold.
The Winklevoss brothers made a radical statement at the end of 2017:
We believe that BTC is designed to destroy gold. It can be called super gold. The supply of bitcoin is limited, so it is more than scarce. more mobile, interchangeable and durable. It can be said that this substance is superior to gold in every respect.
VanEck/MVIS director Gabor Gurbaks also spoke highly of cryptocurrencies, noting:
There is $7 trillion worth of gold in circulation today. If the price of bitcoin rises by 5 or 10% - consider for yourself - it will eclipse gold.
Most recently on the Sane Crypto Podcast, Kiyosaki destroyed the US dollar and gave an imminent prediction of a stock market crash.
In particular, he said:
Economist and geopolitical scholar Jacey Collins believes that the crypto market will replace the gold market next year as it develops financially in the economic field and produces the latest financial products. He also believes that the crypto market will not stop anything.
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The dollar is a fraud monopoly. In my opinion, the dollar will end, and all because the markets for precious and digital currencies will change its position. He won't survive. Yes, since 2000 it was recognized as the world's foreign exchange reserve, it was replaced by BTC - the money of the people.
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