Reported about 6 hours ago
As confidence in the U.S. dollar and the fiat system declines, Bitwise CIO Matt Hougan suggests that investors are increasingly looking to Bitcoin as an alternative to gold. Central banks are accumulating gold amid fears over fiat currency manipulation, while Bitcoin's popularity rises, with substantial inflows into Bitcoin ETFs surpassing those for gold. Hougan emphasizes that both assets share qualities of scarcity and non-sovereignty, prompting investors to reconsider their portfolios in a climate of fiat risk.
Source: YAHOO