Bitcoin : Bitcoin’s uncanny similarities with Gold
## Bitcoin – Striking Similarities to Gold
Bitcoin is commonly viewed as a form of digital gold and both gold and Bitcoin do share a lot of similar properties. This means that interesting insights into Bitcoin can be gained by looking at the impact that the introduction of a gold ETF had on the gold price.
**Need to be convinced that gold is indeed similar to Bitcoin?**
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[The golden brothers](https://i.redd.it/441of4uu1am11.png)
**So, what happened when the gold ETF was finally launched?**
Well, it kick-started the biggest bull run in gold’s history. Prices rose from just $331.60 per ounce to a high of $1,917.90. That’s an incredible **478% increase in price after the gold ETF was launched.**
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[We are all hoping for an encore](https://i.redd.it/xv24jye42am11.png)
The interesting thing about the history of gold and Bitcoin is that both got futures contracts before an ETF was launched. In both cases, there was a big increase in price before the futures markets opened and there was a significant fall in the price of both assets when futures trading actually began.
For a more detailed writeup, check out the complete article – [https://totalcrypto.io/bitcoin-etf-analysis/](https://totalcrypto.io/bitcoin-etf-analysis/)
Bitcoin
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
FindCrypto scans the web for the latest Bitcoin news, so you can find all the latest and breaking news in one convenient location.Author: TotalCrypto_io
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