Bitcoin up, Gold Down!

Neither this post nor any other on cryptofal.com should be taken as financial advice. It is not.

• While this is only on the daily chart today is not a regular day as the war between Russia and Ukraine has officially started causing the markets to drop overnight for crypto and as soon as the stock market opened this morning.

• Bitcoin has always been compared to Gold as a hedge against inflation and in some cases even been called a better hedge than gold. While the jury is still out due to the extreme volatility displayed in the price movement of BTC since its inception this chart above shows something many BTC maxis have been waiting to see. In the face of complete uncertainty in a geopolitical aspect, BTC is up for the time being.

• Will this last into tomorrow remains to be seen but it is a good feeling for the entire crypto space, at least those that have held, as this drives home the fact that in the future or near future that BTC can actually be a better gold than Gold as the market continues to grow.