Gold has historically been an investor’s best friend when it comes to a store of value, but a certain digital currency is looking to elbow its way into the haven-asset mix with this week’s launch of spot bitcoin exchange-traded funds.
“The relevance of gold GC00 GCG24 and gold ETFs has already been threatened by bitcoin BTCUSD,” said Alex Pickard, vice president of research at investment firm Research Affiliates. “The emergence of bitcoin ETFs threatens the market for gold as an investment further.”
The…
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