Should You Buy Gold Or Bitcoin?

While 2019 was a great year for crypto and crypto regulation, 2020 is shaping up to be an even bigger and pivotal year for the crypto industry. Ten years later, gold has done well for itself touching a high of $1,542 per ounce and that’s a fairly decent +38% gain In the last decade bitcoin, however, has gained a whopping +8,999,900% and this year alone, BTC has outpaced gold’s market performance in the last ten years.
Considering all of the massive price projections and forecasts from industry experts that suggest Bitcoin will someday replace all currencies across the globe, itвЂs easy to see what so many are bullish on Bitcoin, and why Bitcoin price predictions can reach such high numbers, ranging from thousands to even over $1 million dollars per BTC.



Until the questions on valuation, liquidity, custody, and potential market manipulation can be addressed satisfactorily, we do not believe that it is appropriate for fund sponsors to initiate registration of funds that intend to invest substantially in cryptocurrency and related products, and we have asked sponsors that have registration statements filed for such products to withdraw them,” the letter stated.
The final year of the decade has been a volatile one for cryptocurrency and blockchain, encompassing wild swings in the price of the original digital token Bitcoin and the first major step for big tech into the sector with the announcement of Facebook Inc ‘s ( NASDAQ:FB ) Libra cryptocurrency.

In January 2018, XLM hit an all-time high of $0.94. Heading into 2020, XLM is priced at around $0.06. The fast payment system and rock-solid development team could continue to build momentum for XLM moving forward, although XLM continues to face competition from every other digital currency that emphasizes high-speed transactions.
Give the lows and highs in recent years, as well as the lows and highs predicted by industry analysts and experts, itвЂs easy to see how opening a short or long position using 100x leverage to trade BitcoinвЂs volatile price swings can be extremely profitable, and even more profitable than investing itself.

The co-founder of BTCC, a HK-based crypto exchange, Lee who has weathered two previous storms that saw bitcoin fell from the all-time high of $1,200 in 2013 to just $150 in 2015 believes that the current bear market is also reflecting this previous pattern.
The ultimate proof of this can be found in our gold price forecast that was featured on 2 major financial sites: How Gold Could Stage a 20% Rally This Year published on Barron’s as well as Why gold’s a ‘bargain’ at less than $1,300 an ounce published on MarketWatch.