Despite a pullback in May, the speed of the rally took even longtime gold watchers by surprise.
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Spot Bitcoin ETFs garnered inflows of nearly $9.6B over roughly the past five weeks, according to Morningstar Direct data.
Investors are increasingly hoarding gold and bitcoin as conventional safe havens in US bonds and the dollar have come up short.
With equity markets rattled by the latest US tariff policies, investors are flocking to the precious metal for safety.
So far this year, investors have greatly gold compared bitcoin. So if it’s not digital gold, what is bitcoin exactly?
The precious metal has been riding high lately as equities have taken a tumble after the Trump administration’s sweeping tariffs.