What happens when we drill down into the value of gold and bitcoin to find the evolutionary link? Is there some kind of Darwinian blockchain at work? You bet!
Experts believe that with the potential of spot Bitcoin ETFs, this market cap difference might be bridged in the coming decade.
Asked whether his company would sell to take the profit, Saylor stated, that he is “going to be buying the top forever. Bitcoin is the exit strategy.”
Cathie Wood stated that Bitcoin is generally easier to purchase than gold, or at least it appears that way to consumers.
A UBS strategist says that both gold and Bitcoin will benefit from the Fed when the agency decides to cut interest rates.
The total assets under management of all Bitcoins ETFs combined is more than double of the Silver ETFs available in the market.
The rise in Bitcoin price and the reduction in production quantity may offer Bitcoin some bullishness but also make it scarcer than gold.
Bitcoin has become one of the top 10 assets in the world by market cap. This places it higher than Tesla, Visa, and Berkshire Hathaway stock.
For many crypto enthusiasts and market participants, all indications point to the fact that Bitcoin could hit over $60,000 by April 2024.
Several market analysts believe that the Gold price rally can continue further with the potential to hit $2,2000 by the end of 2024.
HSBC’s foray into blockchain technology differentiates it from previous attempts by other financial institutions to streamline gold investing.