Bitcoin seems to be coming out of its lethargy as it recently crossed the $65,000 mark. Despite this performance, he is still struggling to return to his former heights. Meanwhile, gold, true to its reputation, has repeatedly hit record highs. Between the construction of a safe harbor for one and the rise of investment funds for the other, the rivalry is intensifying. Let’s dive into the numbers and trends of this economic battle.

Bitcoin vs Gold: Two Worlds, Two Dynamics

He is fighting for gold in the ring of records It reached 30 peaks this year – including one in August after crossing the $2,500 mark, against just five for bitcoins. However, it’s not about popularity, it’s about financial flows. Bitcoin-linked ETFs have earned $19 billion since their launchwhile gold-backed funds attracted only $1.4 billion, a stark contrast.

In terms of dynamics, Bitcoin seduces with its fast and significant price movementswhere gold remains in a more predictable pattern.

• 30 records reached gold in 2023;
• 5 records for Bitcoin (BTC);
• $19 billion invested in Bitcoin ETFs compared to $1.4 billion in gold.

Times of economic uncertainty and inflation have always favored goldold safe haven. But the massive flows into bitcoin ETFs reflect the un change in state of mind among investors who increasingly favor volatility and the potential for quick profits.

ETF BTC: An increasingly strong attraction

Recent ETF numbers show record enthusiasm: more than $555 million flowed in in one day toward bitcoin investment funds in the United States for the first time since June.

Big players, such as funds, are not left out either Fidelity Wise Bitcoin Origin Fund, which raised $239.3 millionand the Bitwise Bitcoin ETF with over 100 million.

” Ridiculous, this exceeds all expectations ” summarizes analyst Nate Geraci, who notes growing adoption by financial advisors and institutional investors.

Despite this enthusiasm, Ethereum-related products have not followed the same pathcausing BlackRock’s disappointment: very few inflows or even net outflows for certain offers suggest concentrated interest in Bitcoin.

Some analysts are asking: in the face of rising tensions in the Middle East and geopolitical uncertainties, will bitcoin be able to survive against gold?

Micaiah A.

The blockchain and crypto revolution is in full swing! And on the day the effects are felt by the most vulnerable economy in this world, I will say against all hope that I had something to do with it

DISCLAIMER OF LIABILITY

The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.