Since peaking at just under $ 20,000 on December 17, 2017, Bitcoin has lost more than three-quarters of its value. In January 2019, the price was a little over USD 3,000. And in July 2020, it already recovered to USD 11,000. Bitcoin is far from being a payment system, but much more a digital asset. Therefore, a comparison between Bitcoin and gold is worthwhile to take a look into the future.
Bitcoin vs Gold : Facts & Figures
2. Maximum interest in Bitcoin in December 2017
2008 July 2020
Source: Google Trends
December 2017
Google trend - 100
50
FrankSchwabSpeaks.com
3. Max price of USD 20,000 for 1 Bitcoin in Dec ‘17
2009 July 2020
Source: Coinmarketcap.com
December 2017
BTC Volumes
BTC = $20,000
BTC = $11,000
FrankSchwabSpeaks.com
BTC = $3,000
4. Looks like interest in BTC and price correlate
2008 July 2020
Sources: Google Trends / Coinmarketcap.com
December 2017
Google trend - 100
50
BTC Volumes
BTC = $20,000
BTC = $11,000
FrankSchwabSpeaks.com
6. The hype is over – but Bitcoin is still alive
2008 July 2020
Sources: Google Trends / Coinmarketcap.com / Gartner
December 2017
Google trend - 100
50
BTC Volumes
BTC = $20,000
BTC = $11,000
FrankSchwabSpeaks.com
Gartner Hype Cycle
BTC = $3,000
7. Bitcoin in Slope of Enlightenment
Source: Gartner FrankSchwabSpeaks.com
We are here
Slope of Enlightenment
9. Jan 2012 July 2020
More than 50 million wallets in July 2020
50.0mn
Source: https://www.blockchain.com FrankSchwabSpeaks.com
#wallets
1.0mn
10. 2010 July 2020
Last 4 years: daily confirmed Bitcoin transactions have
fluctuated between 150 and 400 thousand per day
400k
Source: https://www.blockchain.com FrankSchwabSpeaks.com
transactions
100k
200k
300k
20182016
15. 2005 2009 July 2020
12,500
60,000
22,500
USD/kg
Source: https://goldprice.org/gold-price-chart.html FrankSchwabSpeaks.com
Gold has fluctuated between +300% and -50% in the past 15 years
2011
62,500
35,000
2016