As one well-worn example, Saylor said that gold can’t easily be moved from New York to Tokyo in a few minutes, unlike bitcoin. He also expects bitcoin to divert money away from other risk assets, including the giant SPDR S&P 500 ETF (SPY), and for bitcoin to begin showing up in other funds similar to the BlackRock setting plans to acquire spot BTC ETFs in its Global Allocation Fund.
Related posts
-
Senator Lummis wants to replenish Bitcoin reserves with gold
Republican Senator Cynthia Lummis says converting gold reserves into Bitcoin could strengthen the U.S. government’s finances.... -
Cipher Mining: Will It Be Another Standout Bitcoin Miner This Cycle?
Dive into Cipher Mining’s Q3 2024 performance. From revenue challenges to strategic investment in fleet upgrades,... -
Bitcoin Funding Rates Surge 20% On Major Exchanges — What’s Happening?
The price of Bitcoin picked up this week from where it left off in the previous...