Is Bitcoin the gold of the future?
Currently, the Bitcoin is located in the Gartner valley of disappointment. Already the fourth time! A good time for an analysis.
Since peaking at just under USD 20,000 on December 17, 2017, Bitcoin has lost a good two-thirds of its value. And according to Google Trends even more than 80% interest. In terms of Gartner terminology: the Bitcoin is currently in the Valley of Disappointment. More precisely, currently the fourth time, after June 2011, April 2013 and December 2013.
A good time to look into it.
8. Bitcoin has fluctuated between $ 6,000 and $
8,500 over the last 12 months
Source: CoinMarketCap.com FrankSchwabSpeaks.com
Sept 2017 Mar 2018 Sept 2018
6,000
20,000
8,500
USD/BTC
9. Oct 2015 Jan 2017 Sept 2018
34,000
44,000
38,500
USD/kg
Source: https://goldprice.org/gold-price-chart.html FrankSchwabSpeaks.com
Gold fluctuates up to 30% in the last 3 years