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Bitcoin Reserve Currency

|Includes: SPDR Gold Trust ETF (GLD)

There is this talk on Zerohedge whether Bitcoin can become a reserve currency. Remember, I said earlier that Bitcoin needed to be $2880/Bitcoin to be on par with the silver market. We're now at $300/Bitcoin, so there is still a long way to go.

Bitcoin Market Cap

Gold Price

But nevertheless, a nice run upwards compared to the ill-forgotten gold ... I'm wondering why gold didn't go up. Or is there no correlation at all? In fact, while Bitcoin soared, gold went down.