Just like Litecoin Bitcoin is in a clean pitchfork uptrend channel unlikely to break anytime soon.
Major institutions and investment fonds have started to buy Bitcoin as a currency hedge and are unlikely to sell anytime soon. See BitcoinTreasuries.org
Also Bitcoin has now overtaken Visa, Mastercard, JPMorgan and soon Berkshire Hattaway as the largest financial asset. See AssetDash.com
While Bitcoin's newly mint coins (new supply) decreases every 4 years, gold mining has increased from 21 mln troy ounces to over 118 mln troy ounces over the past 100 years. Bitcoin is scarcer than gold and features an integrated world wide payment / transfer system, whereas gold needs armed trucks to securely transport and store it.
Major institutions and investment fonds have started to buy Bitcoin as a currency hedge and are unlikely to sell anytime soon. See BitcoinTreasuries.org
Also Bitcoin has now overtaken Visa, Mastercard, JPMorgan and soon Berkshire Hattaway as the largest financial asset. See AssetDash.com
While Bitcoin's newly mint coins (new supply) decreases every 4 years, gold mining has increased from 21 mln troy ounces to over 118 mln troy ounces over the past 100 years. Bitcoin is scarcer than gold and features an integrated world wide payment / transfer system, whereas gold needs armed trucks to securely transport and store it.
