Cryptocurrency vs Gold

Key Takeaways

• Gold has underperformed cryptocurrencies such as Bitcoin over the past 5 years.
• Over the past 5 years (April 2017 - April 2022), Gold is up 56%, while BTC is up 3,760%.
• The decentralized nature & growth of user adoption could be as hedge against fluctuations of Gold.

Overview

While it’s true that past performance is no guarantee of future results, it is quite astonishing the rate of return of cryptocurrency for the past 5 years vs Gold. BTC has outgrown Gold by 55.4x. In the chart above, you’ll see the velocity of Bitcoin’s growth. 

Why Bitbuy

Bitbuy is a licensed Canadian cryptocurrency trading platform with an easy-to-use interface, low fees, convenient funding and withdrawal options, and unmatched customer service.

‍