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Analyst flags quiet shift as Bitcoin and gold reverse roles
While gold has been hailed as a store of value for decades, Bitcoin (BTC) believers argue even the cryptocurrency is one similar asset and often dub it "gold 2.0." Similar to gold, Bitcoin is scarce and has a limited supply of 21 million coins. Bitcoiners argue it offers a hedge against inflation and dollar debasement just like gold. But traditionalists have dismissed Bitcoin's "gold 2.0" narrative, and they couldn't be dismissed because while Bitcoin fell more than 25% from Jan. 1 to Feb. 28 this year, gold rose more than 20% during the same period. But the trend reversed after the war between the U.S.-Israel and ... (full story)
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