Gold and Bitcoin eye inflation-adjusted all-time highs... but it's taken gold 40 years
Cointelegraph
Published Nov 30, 2020 01:31PM ET
Updated Nov 30, 2020 03:20PM ET
Gold bug and Bitcoin skeptic Peter Schiff was just 17 years old when the yellow metal set its true all-time price high. Meanwhile, Bitcoin (BTC), a much younger asset, sits close to its inflation-adjusted all-time high after just three years of downward pressure.
Gold reached a price of $678 U.S. dollars in 1980, according to a breakdown from Visual Capitalist. Accounting for inflation, based on calculations from Officialdata.org, $678 in 1980 held the same buying power as approximately $2,142 in 2020.
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Written By: Cointelegraph
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