Gold closed its seventh consecutive negative month in October - its longest streak recorded. But what about Bitcoin?
So, Is Bitcoin’s Performance So Bad?
The question was what would happen when the world’s central banks inevitably halted their free-money monetary policies, which went on for over a year. And that’s exactly what occurred in 2022, as mentioned above. These percentages are a lot bigger than gold’s depreciation since the start of the year and its peak. Nevertheless, gold is supposed to be more stable. Additionally, BTC’s longest-negative monthly streak during the year is for “just” three months.But let’s dial back and focus on another chart. Bitcoin traded at $14,000 two years ago on November 1st, while gold was at $1,875. Meaning one is clearly up and the other down.
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