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Gold's Shine Fades As Bitcoin ETFs Rise: The New Safe-Haven Champion?

Benzinga ·  Jan 1 05:08

For decades, gold has been the go-to choice for safe investing. Whatever the condition of the economy, investors relied on the yellow metal as the ultimate store of value. This has not changed and people have always used it to store value, no matter the economy's condition or the stability of the markets.

The landscape is shifting. Gold may face strong competition fromBitcoin(CRYPTO: BTC), particularly through Bitcoin-focused exchange-traded funds. The competition has perhaps been best illustrated through theiShares Bitcoin Trust ETF(NASDAQ:IBIT).

The Rise Of IBIT

IBIT was launched in January 2024 and...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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