Bitcoin’s performance against gold has come under fresh scrutiny after analyst Willy Woo warned that a 12-year valuation trend has broken. Woo said Bitcoin should trade far higher relative to gold, but that markets have not followed that path. At the same time, options traders have reportedly built aggressive bets targeting $20,000 gold by December.
The post Bitcoin vs. Gold: Expert Predicts BTC’s Underperformance as Options Traders Price in $20K Gold Target appeared first on CoinGape.
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