October 5th, 2021, Crypto Chartbook — Bitcoin is an equal wealth preserver to gold

  • Bitcoin is divisible to a much higher degree than gold. This means even small purchases can be made in dire times.
  • It is also more scarce than gold since a maximum of twenty-one million coins defines it, while gold supply is speculative and continuously mined.
  • Where bitcoin truly shines is in its portability. A long-distance payment in gold can provide quite some hurdles, while a bitcoin transaction is verified typically within less than an hour anywhere in the world.
  • Verifiability is an easy one for bitcoin on a computer, and not so easy for gold. From a security perspective, a tiny “USB-like” stick can hold all your wealth when it comes to bitcoin, while a Fort Knocks is necessary for a more extensive gold amount for protection.

Housing Sector Index in US-Dollar, Daily Chart, Clouds on the horizon:

Housing Sector Index in US-Dollar, daily chart as of October 4th, 2021.

Gold in US-Dollar, Monthly Chart, Everything is possible:

Gold in US-Dollar, monthly chart as of October 4th, 2021.

BTC in US-Dollar, Weekly Chart, Bitcoin is an equal wealth preserver to gold:

Bitcoin in US-Dollar, weekly chart as of October 5th, 2021.

Bitcoin is an equal wealth preserver to gold:

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