Here’s Why The Bitcoin $100K Price Milestone Favors Gold ...Middle East

Bloomberg commodity strategist suggests the recent Bitcoin price growth amid its ETF milestones could actually favor gold. Following Bitcoin's recent $100,000 price milestone, the crypto market is largely optimistic, with most setting their sights on new upward targets. However, amid the wave of excitement, one Bloomberg analyst has offered a different outlook. Be Careful What You Wish for? For a long time, Bitcoin proponents have tried to sell the asset to traditional investors as gold, only more liquid and accessible 24/7. With the launch of spot Bitcoin ETFs in the U.S. in January 2024, this narrative is now taking root. These ETFs have helped push the total value held by global spot Bi

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