Bitcoin ETF inflows surpass gold
In the cryptocurrency market context, institutional investors have prioritized investment in Bitcoin ETFs over gold in Q2. According to ETF flow data, demand for gold ETFs decreased by 40% from $30 billion to $15 billion. In contrast, Bitcoin ETFs have recovered from a net outflow of $3.3 billion to nearly $10 billion in inflows to date. This reflects the growing appeal of Bitcoin as a non-political store of value, directly competing with gold in institutional portfolios.
Source: Bold Report
The relationship between Bitcoin and gold in a global context
Hunter Horsley, CEO of Bitwise, stated that BTC will not compete directly with gold, as both are non-political stores of value (SoV). Instead, investors will face a threat from government bonds like US T-bills and bonds from other countries, perceiving them as the ultimate *political* SOV.
Source: BTC/Gold ratio, Trading View
Comparison of returns between Bitcoin and gold
Since April, Bitcoin has had a significant advantage, leading in profitability with a 58% increase, 34% higher than gold. However, since mid-May, the BTC to gold ratio has decreased by 10%, according to the BTC/gold index, reflecting a shift in trend. This week, the ratio only increased slightly by 1.5%, showing that BTC has maintained its position amid Middle Eastern tensions. Over the past year, BTC's return reached 58%, far surpassing the S&P 500 index of 11% or gold's 46%. If this trend continues, the BTC/gold ratio is expected to reach 40, providing higher returns than gold for investors.
Source: https://tintucbitcoin.com/ceo-bitwise-canh-bao-ve-thu-thach-bitcoin/
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