2024-03-16 03:33:00 ET
Bitcoin 's (CRYPTO: BTC) price has been on an absolute tear. Since the start of 2023, this digital asset has soared 311%, thanks recently to the approval and launch of spot exchange-traded funds .
It's interesting to note that gold has also been experiencing bullish sentiment. Its price is in record territory as well. But when comparing these two assets, it's strikingly obvious that the top cryptocurrency has a huge edge over the precious metal. Let's take a closer look at Bitcoin and gold.
I think it's first appropriate to understand how Bitcoin and gold might be similar. After all, there's a reason many investors find it smart to compare these two.
For further details see:
Here's Why Bitcoin Is a Better Asset to Buy and Hold Than Gold