Bitcoin vs. Gold: A Battle for Investment Supremacy?
An interesting prediction from ETF expert Eric Balchunas: Bitcoin ETFs could surpass assets under management (AUM) of Gold ETFs in less than two years! 🤯
This comes as Gold ETFs see declining interest and price, while Bitcoin ETFs are attracting new investors. Balchunas points out that Bitcoin ETFs already hold 40% of the AUM compared to Gold ETFs, and the gap is closing rapidly.
Here's a quick breakdown:
* Bitcoin ETFs: Netted $5 billion in new assets since launch in January 2024.
* Gold ETFs: Experienced $3.6 billion in outflows, with some potentially moving to Bitcoin ETFs.
Is the tide turning for gold as a safe-haven asset? Balchunas suggests a "battle for assets" is underway. However, he cautions that a "black swan event" could disrupt this trend.
What are your thoughts? Is Bitcoin the new gold? Share your insights in the comments!
