Soaring U.S. Debt Means Potential for Liz-Truss-Style Market Shock, CBO Warns
Bitcoin and gold may already be pricing in a crisis scenario. Both recently set new record highs amid an elevated interest-rates environment worldwide.
Gold
Gold Investors Aren’t Switching Into Bitcoin, JPMorgan Says
Outflows from gold exchange-traded funds and a surge in bitcoin ETF inflows fueled speculation investors were shifting from the precious metal into the cryptocurrency.
‘Bitcoin Is Going to Eat Gold’: MicroStrategy’s Michael Saylor
MicroStrategy is the owner of 205,000 bitcoin worth nearly $15 billion at the current per token price of $72,000.
Bitcoin Is Unlikely to Match Gold’s Allocation in Investors’ Portfolios in Nominal Terms: JPMorgan
The bitcoin spot ETF market could grow to around $62 billion in the next two to three years, the report said.
Gold Funds See Big Outflows Alongside Rush of Money Into Bitcoin ETFs
Whether the divergence means a migration from gold to bitcoin is a separate question.
Investing in ‘Gold’ – Via Bitcoin – Is Cheaper Than Ever
All but one of the recently launched spot bitcoin exchange-traded funds (ETF) charge a lower fee than the largest gold ETF, making them a cheaper investment into a gold-like asset.
Bitcoin ETFs Mean ‘Substitution’ From Gold Into BTC Will Continue, Says Cathie Wood
While bitcoin’s price is often denominated against fiat currencies, Wood pointed out that even relative to gold, BTC has risen consistently since its early days.
Why Is a Bitcoin ETF a Big Deal? The Gold Revolution Helps Explain
Over $100 billion is now stashed in gold ETFs that trade in the U.S., the world’s largest capital market. Will bitcoin ETFs grow to this size?
Bitcoin Eyes $31K as Gold Offers Bullish Cues
Interest rate-sensitive assets, such as Gold, are seeing bullish momentum in a positive sign for bitcoin, one observer said.
Bitcoin Is Better Than Digital Gold: Matrixport
SEC approval of a U.S.-listed spot bitcoin ETF could result in inflows of as much as $30 billion, a report by the crypto services provider said.