#Bitcoin Price Triples in Value Against Gold Since March Crash
Visit - www.t.me/freebitmexsignals Free bitMEX cross signals Binance Spot trading Bybit Coinpro Signals & bitMEX scalping trading BOT Bitcoin’s ongoing price rally has overshadowed not only fiat currencies but gold as well. In brief Bitcoin's price has more than tripled against gold since the market meltdown in March. The coronavirus pandemic and a massive influx of institutional investors gave the cryptocurrency a big push, experts said. Bitcoin adoption might be gaining "parabolic momentum” today, they noted. Since the coronavirus outbreak catalyzed a global market meltdown in March, Bitcoin’s price when measured against gold has not only recovered but more than tripled, according to various charting platforms such as XE. This indicates that the “digital gold” is currently outperforming the traditional one by far. But why is this the case? Can Bitcoin be directly compared to gold? Speaking to Decrypt, Konstantin Anissimov, executive director o