Bitcoin and Gold “Miners Multiple” Points To Drastically Different Price Peaks

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Throughout history, the story has always been about silver and gold. But since Bitcoin was born, gold now has to compete with a better-built, digital counterpart. The arms race for the fastest-growing safe haven asset is on, and currently, Bitcoin is in the lead despite such an enormous head start by the precious metal. That’s also likely to continue, according to a mathematic formula dubbed the “Miners Multiple” that says Bitcoin will reach substantially better ROI compared to the original safe-haven asset. Bitcoin Likely To Beat Precious Metal At Its Own Game Henceforth Bitcoin is regularly compared to gold, earning it the “digital” moniker. The cryptocurrency’s creator sought to develop a digital currency that shared various similarities with gold – chiefly, its scarce supply. Satoshi Nakamoto wanted to give Bitcoin both attributes of a currency and a commodity, adding an element of rarity to it and putting it in direct…

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