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Bitcoin, the “new gold” just closed the week at the levels not seen since February! Yes, it did move lower on an intraday basis, but I mean the weekly closing prices.
A mine located in Canada’s historic Yukon gold belt is on sale for more than 3,000 bitcoins, or $2 million at current prices —the very first offering of its kind on popular bitcoin-only online ...
In the last week of November bitcoin dropped $2,000, plunging from north of $11,000 to $9,428 in just one session. But as of Sunday, bitcoin was on the move again, last trading at $11,274.
Bitcoin, by comparison, has only been around for 13 years. If it were a person, it would just now be starting puberty. Since being created, rates haven’t been above 2.5%.
Stock image. Goldman Sachs expects gold, with its real demand drivers, to outperform the highly volatile bitcoin in the long term, the bank wrote in a Monday research note.
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