Gold price goes to new record price – can Bitcoin catch up?

The Bitcoin price (BTC) still has room for improvement at its all-time high. Especially compared to gold.The gold price reached its all-time high a week ago. On the other hand, there is still room for improvement in the Bitcoin price (BTC). Is an investment still worthwhile?

 

Bitcoin Price (BTC): Far from the all-time high

The Bitcoin price reached its last all-time high in December 2017, when the cryptocurrency was trading at just under $ 20,000. Since then, Bitcoin has lived up to its infamous reputation as a highly volatile asset. The Bitcoin price crashed from this peak to just under $ 3,000 in December 2018 within a year, only to climb over $ 13,000 again in the summer of 2019.But there were also setbacks from there – by the end of 2019, the $ 7,000 mark had been reached again. A wild ride, not for the faint of heart. At the beginning of 2020, the cryptocurrency then went through several promising weeks – the $ 10,000 mark was repeatedly raised.

But then – you may have noticed – the “Black Thursday”. In the wake of the corona crash of the international economy, the Bitcoin price fell below $ 4,000 again. Since then, however, the digital currency has been able to recover. So the Bitcoin price has so far held the $ 7,000.