Market Meltdown Prompts Investors to Ditch 'Digital Gold' for the Real Thing

Market Meltdown Prompts Investors to Ditch 'Digital Gold' for the Real Thing

If bitcoin is “digital gold,” investors seem to prefer the real-world variety. So far this year, the price of the precious metal has climbed about 22% while the cryptocurrency has fallen about 10%. So if it’s not digital gold, what is bitcoin exactly? Gold Rush True to its history, gold has been treated like a safe-haven asset as investors flee the sagging stock market and weakening US dollar, climbing to and holding at about $3,200 per ounce. B…

Investors seek safety in gold over bitcoin - Australian Resources & Investment

Image: allstars/shutterstock.comA once-tight relationship between gold and bitcoin has begun to separate in 2025, with the gold price rising more than 22 per cent for the year to date (ytd). By contrast, Bitcoin is down more than 11 per cent ytd. The divergence ends a period of strong correlation between the two assets, which had moved in near-lockstep from late 2022 to 2024. Between November 2022 and November 2024, gold gained 67 per cent and b…

Market Meltdown Prompts Investors to Ditch ‘Digital Gold’ for the Real Thing

If bitcoin is “digital gold,” investors seem to prefer the real-world variety.So far this year, the price of the precious metal has climbed about 22% …

Bitcoin Faces Digital Gold Challenge as Gold Surges, Says Bloomberg Strategist

Bitcoins role as digital gold is under scrutiny as physical gold gains momentum, according to Bloomberg Intelligence senior commodity strategist Mike McGlone. In a series of tweets, McGlone highlighted significant outflows from Bitcoin ETFs over recent months, attributing this to waning institutional interest. At the same time, gold, after a multi-year downtrend, is experiencing a strong resurgence, signaling a possible shift in investor prefere…