Markets have been seeing exciting moments in recent days. Goldman Sachs’ target was finally reached with the fluctuation of gold prices, and the ounce price of gold saw 2 thousand dollars.
Investors are excited with this new record, while Bitcoin continues to move above 11 thousand bands. Scott Melker, a user of The Wolf of the Wall Street on Twitter, commented on the subject:
“The $ 2,000 level is good, but it’s only 1/10 of the $ 20,000 level in 2017 where Bitcoin saw its all-time high.”
On a comment he shared on Twitter, one of his followers said, “Why can’t you love both?” Melker answered the question as follows:
$2000 Gold is really cool, but that's 1/10th of #Bitcoin's all time high.
— The Wolf Of All Streets (@scottmelker) August 4, 2020
“I love them both, only gold is now over.”
If you look at the other tweets that he shared on his Twitter account; Melker sees gold as the old generation Bitcoin and thinks his days are past.