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The gold has become the second-largest reserve asset in the world, but it may be surpassed by Bitcoin. According to recent reports, the value of all the gold that exists on Earth is approximately $10 trillion, while the total value of all the Bitcoin transactions since its inception is already over $20 trillion.
Janet Mui, an RBC Brewin Dolphin analyst, suggests that as the gold price continues to rise, institutional and individual investors may start to shift their attention towards other assets, such as bitcoin. She emphasized that the majority (70%) of gold purchases are made by institutional investors, private investors, and jewelry retailers.
The article highlights the advantages of Bitcoin over traditional assets like dollars. It notes that the decentralized nature of Bitcoin’s network makes it a more attractive option than government-issued currencies.
Source: www.bitcoinbazis.hu
