Tag: precious metal

Bitcoin ETFs Gaining Ground, Could Soon Surpass Gold—Analyst

Gold shed billions in March. Bitcoin quietly pulled in more than a billion. Flows Tell A Diverging Story US spot Bitcoin exchange-traded funds attracted $1.32 billion in net inflows last month, even as US-based gold ETFs bled $2.92 billion in net outflows over the same period. The gap caught the attention of Bloomberg ETF analyst…

Bitcoin Holds As Gold Posts Worst Week Since 1983 Amid Iran War

Bitcoin quietly gained ground while gold crumbled. That contrast has become one of the more telling stories to emerge from weeks of escalating conflict in the Middle East, as the two assets — long compared as competing stores of value — have moved in sharply opposite directions since the US and Israel launched strikes on…

Bitcoin Gains Ground On Gold Even As Both Assets Slide

For six straight weeks, Bitcoin was losing the battle against gold. That streak has now reversed — and it has held for two weeks running, with Bitcoin up more than 4% against the precious metal this week alone. A Parallel Decline Reshapes The Debate The timing of that rebound is striking, given that both assets…

Central Banks May Stockpile Bitcoin In 5 Years, Deutsche Bank Predicts

Reports have disclosed that Deutsche Bank research sees room for Bitcoin to sit alongside gold on some central bank balance sheets by 2030. The bank’s paper says that both assets can act as hedges against certain risks and that the path Bitcoin would follow mirrors gold’s slow adoption into official reserves. Central Banks Could Add…