Cryptocurrencies
Bitcoin’s Rally Spurs Wall Street to Question Future of Gold
- Investors are starting to think of crypto in asset allocation
- But whether Bitcoin can rival gold still remains to be seen
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Bitcoin has shot to a record just as billions of institutional dollars have fled gold.
Whether that’s a simple coincidence or the start of a rotation that would have a profound impact on crypto and the precious-metals market is impossible to know for sure. But the debate is now heating up on whether the world’s largest digital currency can one day rival bullion as an inflation hedge and portfolio diversifier.