Bitcoin is making headlines left and right on media outlets everywhere, but none more so than CNBC. According to a well respected journalist, during a segment on CNBC it was said that gold would be trading at $3,000 an ounce if it wasn’t for Bitcoin.
Here’s why that statement is probably true, and why the cryptocurrency will continue to take market share away from the aging shiny rock.
Gold Would Trade At $3K If It Wasn’t For BTC
The digital narrative worked like a charm, and Bitcoin is now stealing any capital looking to park somewhere resistant to inflation.
Gold has traditionally served that purpose, and as the economy first began treading on thin ice, the ages old asset that was once the “standard” began to uptrend again.
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Gold eventually reached more than $2,000 an ounce at the height of its bull market. Natural profit-taking caused the