The April 2021 Crypto Outlook Report published by Bloomberg says that bitcoin replacing gold as a store of value has been more sudden than gradual. Furthermore, the report notes that bitcoin has the upper hand when compared to gold. According to Bloomberg, bitcoin taking the gold is not necessarily be bearish for gold, which is seen backing to its support levels of $1,700 per Oz. There has been a shifting global tide towards bitcoin’s appeal as a reserve asset. Bitcoin is rising in value and is less speculative. The recent diversification of equity wealth by Tesla into the nascent digital currency had led to sudden ... (full story)