Gold Hits Record High as Bitcoin Faces Capital Outflows
- Gold reached a record high of $2,940 per ounce.
- Bitcoin’s market cap has decreased from 10.72% to 9.95% of gold’s market cap since 2021.
- The price of gold has increased by 44% over the last year.
- Peter Brandt noted significant capital outflows from Bitcoin.
- Bitcoin is currently trading at $97,650 with a daily volume decrease of 12% to $33.3 billion.
Gold’s price surge to $2,940 per ounce highlights its strong market position compared to Bitcoin, which is experiencing notable capital outflows and a reduced market cap relative to gold since 2021.
Source (2.6)https://coingape.com/bitcoin-vs-gold-veteran-trader-peter-brandt-clears-air-as-yellow-metal-shines/?rand=24432
