Price of Bitcoin more stable than the price of gold

The value of a Bitcoin fluctuates less than the price of gold for three and a half weeks now, which is a new record.

 

 

One of the main disadvantages of the Bitcoin is that the value of the virtual currency is quiet volatile. Due to the fact there is no central instance to guard the value of the coin by spending more Bitcoins with rising demand, the value of de coin fluctuates a lot. This is problematic for salesmen who want to want to pay off there pizza’s, electronics and drugs in Bitcoins: everyday a new pricetag is demanded.

 

 

After the rollercoaster of the last couple of years, it finally looks like the Bitcoin has reached smoother waters. The volatility of the coin has decreased enormous the last couple of months. The last weeks a milestone was reached: the course of the Bitcoin oscillated less than the price of gold, The Wall Street Journal announced.

Recent Posts

Professional investors skeptical about Bitcoin, a recent Bank of America survey says

Bank of America recently asked 200 professional investors with $533 billion in assets under management for their opinions on Bitcoin.…

3 days ago

AXA Switzerland now offers Bitcoin as a payment method

Insurance provider AXA Switzerland announced that its Switzerland customers will now be able to pay their bills in Bitcoin (BTC).…

3 days ago

DOGE “to the moon” as Robinhood faces more scrutiny

After yet another phenomenal rally surging 114% in the last 24 hours, Dogecoin (DOGE) hit an all-time high of $0.29.…

3 days ago

“Bitcoin’s peak volatility is right on track to drop below fiat volatility”

There will come a time that Bitcoin will be less volatile than fiat money as money is being redefined. And…

4 days ago

GoldMan Sachs watching Bitcoin’s every move

Goldman Sachs is keeping a close eye on Bitcoin. In an earnings call on Tuesday, the bank’s Chief Executive Officer,…

4 days ago

Coinbase’s COIN is Live on Nasdaq, while Bitcoin and Ethereum jumped to new all-time highs

After months of intense build-up towards their big day, Coinbase finally listed on the Nasdaq with ticker COIN. And the…

4 days ago