#Gold #Silver #Bitcoin

Bitcoin vs Gold & Silver – Episode 14 – Can Bitcoin Maintain The Upward Momentum?

Today is Sunday 7th March 2021 and we are publishing the 13th episode in our Bitcoin vs Gold & Silver series. In today’s episode we look at whether bitcoin can maintain its upward momentum.

Now before we look at Bitcoins momentum, just a quick summary of our previous 12 episodes:

A quick recap:

In Episode 1 we explained why we launched this series and why people found bitcoin attractive.

In Episode 2 we confirmed that the size of the Equity, and Gold & Silver Markets and compared them with bitcoins capitalisation value.

In Episode 3 we highlighted a non-exhaustive list of the disadvantages of bitcoin which are similar to other crypto currencies.

In Episode 4 we highlighted that Skybridge Capital’s Anthony Scaramucci, had launched a brand-new Bitcoin Fund and the reasons for doing so.

In Episode 5 we looked at the intrinsic value of Gold & Silver compared with the intrinsic value of bitcoin.

In Episode 6 we looked at a number of YouTube and Google Influencers who have used bitcoin’s rise as both clickbait and an investment opportunity.

In Episode 7 we looked at a $11,000 fall in bitcoin’s price and argued why it will recover quickly

In Episode 8 we looked at how the shortage of microchips affected the ability to mine more bitcoin.

In Episode 9 - we looked at the likelihood of the Reddit Robin Hood Short squeeze agents targeting bitcoin and whether they could be successful.

In Episode 10 – We highlighted that Ray Dalio’s Bridgewater Associates had also invested in Bitcoin and some analysts are predicting a price in the short term of up to $85,000 a bitcoin.

In Episode 11 – we talked about Morgan Stanley, Deutsche Bank, Ark Investment Management and BNY Mellon were all investing in bitcoin or related services

In Episode 12 – we looked at the potential future direction for bitcoin, gold and silver.
and we have placed links to these videos below.

Yesterday we published our weekly gold & Silver Weekly Update for w/e 5th March.

Gold & Silver Weekly Update for w/e 5th March 2021
https://www.youtube.com/watch?v=wPDdDu_VS8w

Where we pointed out that Gold had fallen 2% last week to $1701 and silver had a whopping 5.4% fall to $25.24 while bitcoin was up over $1,000 at $48,092 but was still considerably lower than its recent all time high of $58,332

So, bitcoin can rise or not depending on how investors and speculators feel that this relatively finite resource can compete with alternatives. Institutional investment into bitcoin is still relatively small – in terms of how many institutions have committed to it so far – more and more hedge funds are taking notice and investment advisers are beginning to recommend some exposure to bitcoin and cryptos though most seem at present to be recommending a cryptocurrency fund rather than one crypto currency, but this may change.

We believe sincerely that bitcoin has further to run until either it is stopped by national Governments or alternatively an alternative is legislated for. Until that day the $85,000 price tag that some analysts are predicting is easily accomplishable in our view – whether it will ultimately reach $1m a coin remains to be seen – but the bitcoin rampage is certainly nowhere near over – at least it isn’t looking at the months ahead.

Important Links and videos:

Join us at:
https://www.illuminatisilver.com/sign-up-today/

Bullion Vault – Buy Gold & Silver
http://bit.ly/bullionvaultillumsilv

Richard & Greg – Discussion: Debate & Argument YouTube Channel
https://www.youtube.com/watch?v=MLWxmXToFCg&t=3s

Bitcoin/Crypto Training
https://bit.ly/3pNjaug

Rich Dad Summit from $1
https://bit.ly/39uZfKD

Gold, Silver and Rare Coins:
https://amzn.to/2PVinHw - (US & Overseas)
https://amzn.to/2EW8RO2 - (UK)

Stack Silver Get Gold:
https://amzn.to/37yIkUc - (UK)
https://amzn.to/33ca2md - (US & Overseas)

Bitcoin/Crypto Training
https://bit.ly/3pNjaug

Bitcoin For Dummies 1st Edition
https://amzn.to/2VKUSmE

Cryptocurrency Investing For Dummies 1st Edition
https://amzn.to/36Nhidt

Cryptocurrency Mining For Dummies 1st Edition
https://amzn.to/2JREdv2

The Bitcoin Standard: The Decentralized Alternative to Central Banking
https://amzn.to/3lNieTs

Blockchain Bubble or Revolution: The Present and Future of Blockchain and Cryptocurrencies
https://amzn.to/3gdTjao

The Basics of Bitcoins and Blockchains: An Introduction to Cryptocurrencies and the Technology that Powers Them
https://amzn.to/39KqPUj

News Theme 2 by Audionautix is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/)
Artist: http://audionautix.com/

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