Bitcoin Surpasses Gold: Major Investment Shift in Progress
Investors are reallocating assets from gold to Bitcoin, as evidenced by a significant gold ETF outflow and a massive inflow into Bitcoin ETFs. With gold ETFs declining by $2.8 billion and Bitcoin ETFs gaining $9 billion, the trend suggests a shift in investor preference toward cryptocurrencies. The assertion that Bitcoin will eventually overshadow gold seems plausible given this flow, indicating a potential for Bitcoin to become a more dominant store of value.
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