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In comparison, bitcoin's is around $1 trillion. Gold's total market capitalization is at around $11 trillion at current prices. There are critical differences between the two assets that are not often discussed, including their investment natures. "They behave differently … We actually think this potentially makes them somewhat complementary assets that still compete on the margin," RBC Capital Markets said. Still, the key question to keep in mind is whether the two assets are at odds with one another or not. The comparison between the two assets is not dying out any time soon, the report added. "Correlation is not causation, and to be frank, there is little observable sustainable correlation in our analysis that would result in such a conclusion." "The narrative that gold is being displaced by digital gold (i.e., Bitcoin) is overstated," they said. However, we do not think that is the dominant theme here."īoth gold and bitcoin have reported significant new amounts of money added to their total market cap since 2020, noted the strategists -over $1 trillion for gold and around $0.8 trillion for bitcoin. "To be clear, are some flows that might otherwise head toward gold instead materializing in Bitcoin and the cryptocurrency space? Probably. We think this narrative drives a lot of the likening between the two," the report said. That type of thinking is also pushing some toward Bitcoin. "Those looking for a stateless asset with a finite supply that is not a liability of any single country or entity have long gravitated toward gold. But that is not really the case, according to the RBC report.
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The comparison has often led to arguments that bitcoin is stealing attention away from gold, connecting gold's underperformance to bitcoin's massive rally. Of course, they are both 'mined,' but solid lines are often drawn when comparing the two as assets in public discourse, and we think this is overdone," said RBC Capital Markets strategists, including Christopher Louney. "Gold and bitcoin are often likened to gold and digital gold. RuneScape is owned by Jagex who after they killed free-trade and released the evolution of combat (EoC) recognized the demand for an older version of the game to help regain RuneScape’s former player base.(Kitco News) Many define bitcoin as digital gold, but the comparison is exaggerated since the two assets are not a substitute for one another, said RBC Capital Markets. Selling RS3 gold has never been quicker or easier then with us! RuneScape is a 20-year-old MMORPG that allows players to choose between two versions of the game: Old School RuneScape and RuneScape 3. Open a chat and watch the money be deposited into your account. Never sell RS gold to any other website again you’ll never need to! Selling OSRS gold is quick and easy with Space Station Gold. Sell OSRS gold to us and you have an easy way to deposit cash right into your accounts without hassle truly all you have to do is contact our live-chat -> tell us how much RS gold you wish to sell -> we will quote you a price and once you accept -> trade us the RuneScape gold -> provide us your desired payment method -> Your done! Easy to do 5 step process that can all be completed in under five minutes. Selling RuneScape Gold can be a quick and easy process through us do not go to other websites that claim to be English speaking and fast payments we are the ones that have years of experience here at Space Station Gold in trading RuneScape Gold and making sure you get your payment quickly and efficiently. We pay through a variety of different payment options such as PayPal, Cryptocurrency, Local bitcoins and much more. Want to Sell OSRS gold to us? We offer 24/7 multi-lingual support that is always around to help you sell your RS gold.