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While gold has a mild growth rate, Bitcoin has proven to be a rapid riser with a massive growth rate that outpaces the former on any simultaneous time frame. The BTC Gold Ratio chart, or the amount of gold required to buy one Bitcoin, has been on a steady surge for the past year.It is all a matter of time frame, but the one-year trend right now does not favor Gold -- nor has it since Bitcoin's inceptionPegged at 29.
At the time of writing, Bitcoin’s price is pegged at $70,040, down by 1.33% in 24 hours. Gold, on the other hand, is priced at $2,354.16, down by 0.7% in the past 24 hours.Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments.
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Source: Utoday_en - 🏆 295. / 63 Read more »