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As Bitcoin Creates New All-Time Highs in at Least 14 Countries, Uber-Bullish Analysts Eye Gold as the Ultimate Target To Vanquish

NewsTech

Published:

Reading time: 1 min.

Bitcoin Gold Spot Bitcoin ETFs

Bitcoin (BTC) is on a warpath ahead of its halving event in April, buffeted by the benevolent tailwinds emanating from the relentless inflows into the cryptocurrency's spot ETFs, which have now attracted $5.63 billion in cumulative net inflows. Yet, some uber-bullish analysts are setting their sights much higher and betting on a David vs. Goliath fight between Bitcoin and Gold. Bitcoin's near-term bullish thesis is quite solid. At the current pace of inflows, spot Bitcoin ETFs are soaking up around 12.5x more Bitcoin each day than can be produced via mining. Once the halving event arrives, the reward for mining […]

Read full article at https://wccftech.com/as-bitcoin-creates-new-all-time-highs-in-at-least-14-countries-uber-bullish-analysts-eye-gold-as-the-ultimate-target-to-vanquish/

WccftechContinue reading/original-link]

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