Gold Reigns While Bitcoin Falters

Gold Outshines Bitcoin as Investors Seek Safe Haven

• Gold prices reached a new high over $3,660 this week.
• Bitcoin is trading more than 20% below its January record of nearly $109,000.
• Investors are favoring gold exchange-traded funds (ETFs) over Bitcoin ETFs.
• Bitcoin’s price was approximately $85,000 on Wednesday.
• The S&P 500 and Nasdaq have both declined by about 6% this month.

Despite Bitcoin once being seen as “digital gold,” investors are currently favoring traditional gold due to geopolitical uncertainties and market volatility, with gold ETFs seeing increased investments while Bitcoin ETFs see outflows.