- Investment shift: Transfer of capital from gold (outflow of $2.8 billion from gold ETFs) to Bitcoin (inflows of $9 billion into Bitcoin ETFs, especially the BlackRock fund).
- Reasons for the rise:
- Considering Bitcoin as a hedge against economic volatility.
- Regulatory advancements and declining trust in traditional assets.
- Challenges: Bitcoin's volatility and its potential correlation with risky assets in crises.
- Positives:
- Its independence from central institutions (according to Standard Chartered).
- Weak correlation with indices like Nasdaq or gold, enhancing its position as a mature asset class.
Bitcoin leads as a modern investment alternative, but risks and volatility remain.#BTC🔥🔥🔥🔥🔥
