Gold has been outperforming Bitcoin recently and there are various possible explanations for this. Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence believes the trend could continue, with the Bitcoin/Gold Ratio consistently tending to be low when the S&P 500 is trading below its 100 Week moving average, corresponding to when gold prices are higher relative to Bitcoin. While there is no way to predict with certainty how the disparity will develop in the future, views for gold differ vastly from Bitcoin. Gold is an established asset which is largely immune from regulatory intervention and faces fewer environmental concerns than Bitcoin. While Bitcoin has experienced a bank run due to the collapse of banks and the doubt around long-term value, gold has kept its standing as one of the best-performing major assets year on year, increasing around 10% since May 8th.



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