Exploding Gold Sales at Pawnshops Offers Lesson for Bitcoin Bulls
As always, rising prices bring forth boosted supply.
Gold-Backed PAXG Token Spikes to $2.9K Amid Geopolitical Tensions
Bitcoin traded at a perfect negative correlation to PAXG in a sign of weak demand as a geopolitical hedge, according to one observer.
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 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...
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?