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A luxury yacht or a snickers? Bitcoin beats gold in the new USD comparison 1

June 9, 2020

An investment of USD 1 in Bitcoin (BTC) in 2009 would buy a luxury yacht today, but USD 1 gold would only buy one bar of chocolate.

That was the result of a comparison by statistician Willy Woowho unveiled his latest tool to track the success of the largest cryptocurrency this week.

BTC profit: $ 1 becomes $ 12.8 million

Upload their results to Twitter together with its special website Woobull, Woo highlighted gold’s weak returns over the past decade.

A luxury yacht or a snickers? Bitcoin beats gold in the new USD comparison 1A luxury yacht or a snickers? Bitcoin beats gold in the new USD comparison 1

Although both gold and bitcoin will gain in value in 2020, bitcoin remains a simple winner of macroeconomic assets to this dayand more in a few years.

“I created a new live chart for gold optimists,” added Woo.

“A dollar invested in 10.7 years … Today’s value: Bitcoin: $ 12.8 million (a luxury yacht) Gold: $ 1.66 (a Snickers bar).”

In fact, gold made enough profit for a candy in 2011 before it fell and have only reached record highs in the past few months.

Bitcoin vs. Gold investment chart

Bitcoin vs. Investment chart gold. Source: Woobull

More than a million dollars quickly

However, the precious metal supports its enthusiastic followers.Many of them want to lower Bitcoin while highlighting the benefits of gold.

As Cointelegraph reported, Peter Schiff is perhaps the most vocal proponent of gold on social media Others in the industry have denied that Bitcoin is in any way the digital counterpart to gold.

In a debate late last month, Saifedean Ammous, author of “The Bitcoin Standard”, met Roy Sebag, founder and CEO of Goldmoney.

Sebag rejected the entire ammous-money theory and even discussed the idea that Bitcoin’s fixed offering remains at BTC 21 million.

Ammous argued that gold would follow silver over time in its demonstrationand hadn’t taken advantage of the fiat merger of the corona virus.

“It was time for gold to shine, but I think Bitcoin will take care of that shine as it can be sent to Bitcoin across borders.”summarized.

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