Bloomberg analyst: Gold is on a good upward trend, but still slightly behind Bitcoin, with the gap rapidly closing
Bloomberg ETF analyst Eric Balchunas posted on X platform, stating that gold has finally been rewarded for its substantial return rate. After GLD rose by 23% in the past six months, it increased by $2 billion in the past six months, surpassing stocks. That is to say, since the launch of ETFs, it still lags behind Bitcoin but not by much - possibly 500 basis points and the gap is rapidly narrowing. The value storage is taking effect.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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