“Silver price” is also battling “Ethereum price”. Here’s the most recent data in round two of our Bitcoin Vs Gold posts. The winner may not be so obvious…
In the latest demonstration of un-love, gold and silver just can’t catch a break.
“Bitcoin price” has taken the lead from “gold price” according to Google Trends.
However, this should come as no surprise since the digital currency has skyrocketed in price this year:
Many have missed much of the move, although many analysts are quick to say there is no bubble in Bitcoin, just as there are many who say there is indeed a bubble.
We’ll refrain from asking whether the digital cryptocurrency is in a bubble or not.
For a moment, “Ethereum price” had overtaken “silver price” in Google Trends results, although that has since subsided.
Here’s how the cryptos digitally stack up against the paper price of physical gold and physical silver:
While there is no Jerome “Jay” Powell speeches on gold, as we all know that Fed Heads must not go near kryptonite, here’s a speech from President Trump’s Fed Chair nominee earlier this year on crypto:
For round one, we covered the Bitcoin Vs Gold in regards to energy. We’re not sure how many rounds this match has in it, but we’ll cover them as needed. But in the meantime, in case you missed it, check out our post from earlier today when we looked at energy consumption in relation to Bitcoin vs gold.
For those who are unaware, it takes a bunch of oil to mine one single Bitcoin, and even though it is not possible to compare one single Bitcoin to 1 ounce of .999 fine gold, because there is no unit of “weights and measures” for the crypto, the amount of energy used to “mine” one Bitcoin is staggering.