Bitcoin vs Gold: A Battle for Global Money!

Jamen Mendes
Coinmonks
Published in
3 min readApr 16, 2024

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The conflict in the Middle East between Israel and Iran prompted a sharp drop in the Bitcoin price on April 14th, causing BTC to plummet from $67,900 to $60,050. In the meantime, the price of Gold immediately shot-up to an all-time-high of $2,430 per Troy oz!

Image, courtesy of WorldSpectrum

This was a critical test for both Bitcoin and Gold. At this moment, it appears as if Gold won the contest. In fact there are…

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Jamen Mendes
Coinmonks

Author, Musician, Metaphysician, and Artist. I write about Crypto, Spirituality, Consciousness, Art, and Reality. https://jamenmendes.medium.com/membership