Peter Brandt spotlights Bitcoin's ongoing performance relative to gold
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Fast forward to March 2024, when Bitcoin rose to $73,750 based on optimism surrounding the Bitcoin halving events and the introduction of Bitcoin ETFs. However, the cryptocurrency has yet to reclaim its previous peak against the traditional safe-haven asset.that on an inflation-adjusted basis and also in relationship to gold, Bitcoin has not penetrated the 2021 highs despite the halving and ETFs.
According to Bloomberg data, the exchange-traded fund had $19.68 billion of the token on Tuesday, dethroning Grayscale Bitcoin Trust, which had $19.65 billion.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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