Gold-silver purchases returned but bitcoin is heavy on everyone, where will the money be safe, bitcoin or gold!

Once again, shopping in gold and silver is seen returning. Investors are turning to Safe-Haven as Corona’s case picks up again, triggering a glitter of gold. But cryptocurrency is heavy on gold and silver in terms of returns. However, the new record high this month – Bitcoin has dropped significantly after going above $ 64,000 and Bitcoin has slipped more than $ 15,000 from the top level. So is this the right time to invest in Bitcoin, or would it be safer to invest in gold. This is the focus here.

Trading in gold

Gold is being supported by rising corona cases and inflation. Gold is also getting support due to weakness in the dollar. There is good physical demand from China and India. Switzerland’s gold export is at a 10-month high. However, there is pressure from the US good employment data.

Gold return

MCX GOLD has given 1% in 1 week, 6% in 1 month, -5% so far this year, 3% in 1 year and 52% in 3 years.

Returns in silver

MCX SILVER has given 0.50% in 1 week, 6% in 1 month, 1% so far this year, 64% in 1 year and 74% in 3 years.

Bitcoin trading

Bitcoin hit a record high of $ 64,600 on 13 April. It has come down from the life time high of about $ 15,000. The price of 1 bitcoin in rupees now is 36,78000 rupees. At the time of launch 12 years ago, the price of 1 bitcoin was 6 paise. By Oct-10 Dec, there has been an investment of 2 billion dollars in bitcoin. Meanwhile, $ 7 billion has been withdrawn from the Gold Exchange Fund. BTC says that the price of 1 bitcoin can reach 4 lakh dollars.

Buy Gold or Bitcoin?

The price of 1 kg of gold has crossed Rs. 47 lakhs. Right now the price of 1 bitcoin is beyond 36 lakh rupees. In the same month, the price of 1 bitcoin had gone up to 48 lakh rupees. Bitcoin price has come down by 12 lakh rupees from record high. At the time of launch in 2009, the price of bitcoin was 6 paise. In 2009, the price of 10 grams of gold was Rs 14,500. Now institutional money managers are turning to Crypto. The popularity of digital currency as an asset class has increased. India has a tradition of investing in gold. It is easy to buy and sell. Only 75 lakh people in India have Crypto (estimate).

Returns in BITCOIN (%)

1 WEEK  -21%
1 MONTH -10%
YTD  +67%
1 YEAR +580%
3 YEAR +450%

Returns in ETHEREUM (%)

1 WEEK -10%
1 MONTH +29%
YTD +196%
1 YEAR +1094%
3 YEAR +250%

Returns in BINANCE COIN (%)

1 WEEK -5%
1 MONTH +90%
YTD +1191%
1 YEAR +2980%
3 YEAR +3654%

Returns in RIPPLE (%)

1 WEEK -33%
1 MONTH +90
YTD +376%
1 YEAR +456%
3 YEAR +21%

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