Interesting chart by TheMacroCompass.com
cryptos and gold are impossible to value but they are in some extent comparables in the role they play as an alternative to the fiat money system. Currently, Gold is 20.5% of the Fiat money in the 5 largest economies. After recent rally, the total cryptocurrencies market cap is just 3.4%. If you think teh gap between gold and cryptos should continue to narrow, there might be further upside. NB: this is NOT an investemnt recommendation
Gold ETFs is losing its shine, while Bitcoin ETFs is in its prime.
Bitcoin ETFs are catching up to Gold ETFs. Gold ETFs currently hold ~$92B. Bitcoin ETFs currently hold ~$40.7B. source : bitcoin archives
Digital Gold
#moneydebasement
Top 11 Countries by Gold Reserves
By Visual Capitalist, Win Smart
Boomers are selling Gold ETFs, buying Bitcoin ETFs.
Source: Asher Hopp
Is Bitcoin the new Gold?
Source: Game of Trades
The Magnificent 7 are almost as big as… Gold!!
Source. Jeroen Blokland, True Insights
China Gold and Silver Sales Hit Six Year High
Sales of gold, silver and jewelry have been brisk for months, defying wobbles in the Chinese economy centered around the protracted crisis in the property market. Retail salesin December, the last month for which data is available, were at a six-year high. source : bloomberg
