Bitcoin has often been compared to gold for its properties as a store of value. Just like gold, BTC is not tied to any central controlling entity and serves as a hedge against state manipulation of fiat currencies. Unlike gold, however, Bitcoin is still very volatile but that could all change in the future.<\/p>\n
BTC, or digital gold<\/a> as it is often termed, has been anything but steady over the past few years. In 2018 it dumped over 80% while in 2019 so far, Bitcoin has gained over 160%. Extrapolating the all-time chart for Bitcoin\u2019s decade long history shows a parabolic curve of its price taking into account these large market cycles.<\/p>\n The golden commodity price chart displays a similar but far shallower curve as its price has steadily increased since the 1970s. Crypto trader \u2018dave the wave\u2019 has overlaid the two parabolas which reveal an interesting pattern to come if the scenarios both play out and the curves continue on their current paths.<\/p>\n Give it a few years, and gold and BTC might be appreciating at the same rate. pic.twitter.com\/KEbO5vENkE<\/a><\/p>\n — dave the wave\ud83c\udf0a\ud83c\udf13 (@davthewave) August 16, 2019<\/a><\/p><\/blockquote>\n\n