CandleFocus Bitcoin’s Epic Rise Panics the Owner of the Largest Gold ETF – He Talks About BTC
2024-11-24
Author: Content Editor
George Milling-Stanley, chief gold strategist at State Street Global Advisors, expressed concerns that Bitcoin's recent rally is diverting investors from gold, a traditionally stable asset. Milling-Stanley warns that Bitcoin's high-yield investment appeal could give investors a false sense of security, as it lacks the stability offered by gold. Despite Bitcoin reaching an all-time high and drawing comparisons to gold, Milling-Stanley urges investors to reconsider allocating their funds to cryptocurrencies and suggests that gold could be worth over $100,000 per ounce in the next 20 years.
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