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Bitcoin Could Eventually Eclipse Gold’s Value, Says Saylor
As of late November 13, the respective market values of bitcoin and gold were roughly $2 trillion and $29 trillion. That confirms the cryptocurrency would need an epic long-term rally to close the gap with the yellow metal. Throw in the point that gold ETFs have recently outshone funds such as the CoinShares Valkyrie Bitcoin Fund (BRRR) and some investors may think traditional gold is the better bet than digital gold. But don’t be hasty in ignoring the largest digital currency and ETFs like BRRR. That’s because, despite recent downside, they could again have their days in the sun. Not surprisingly, Strategy ... (full story)