Martin D. Weiss of Weiss Ratings stated that Bitcoin is much like gold . He believes that the rising cost of digital gold is just around the corner:
“Like gold, Bitcoin and altcoins can become a haven for investors fleeing Fiat devaluation. Digital gold cannot be confiscated by any government. And this is its main advantage , ”said Martin D. Weiss.
The dynamics of the course Bitcoin
Bitcoin has a developmental pattern similar to gold. At the minima, both assets form long bottom patterns, known as “rounded bases.
Gold reached a minimum last August and since then a new three-year cycle has begun. At the moment we see an early stage of recovery. Gold is expected to reach new highs, rising above $ 1,400 per ounce.
“Bitcoin is not far behind. The graphs tell us that now the trend is still falling, but the improvement of the base indicators indicates the beginning of a new bull rally , ”said Martin D. Weiss
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