Investors are rapidly dumping gold for Bitcoin, Bloomberg analyst says

Investors are rapidly dumping gold for Bitcoin, Bloomberg analyst says

Prominent Bloomberg expert Mike McGlone has shared data suggesting that investors are rapidly choosing to purchase Bitcoin over gold. McGlone disclosed on Twitter that Bitcoin is becoming the preferred store of value.

According to him, while the yellow metal will remain an excellent choice for jewelry and coin collections, Bitcoin is displacing it as an inflation hedge.

McGlone used a chart to support his claims. He shared a screenshot of a chart that showed that since 2017, more and more investors were turning to Bitcoin as a possible store of value. Comparatively, the total trading volume of Bitcoin exceeds that of gold.

McGlone’s claims may not be far from the truth. Several other prominent investors, analysts, and developers have hyped Bitcoin above gold. Michael Saylor, CEO of MicroStrategy, while explaining his company’s decision to invest in Bitcoin said that Gold’s ROI was not as compelling as Bitcoin. Fortunately, the company’s gamble is so far paying off.

Meanwhile, after reaching an all-time high of over $2,000 in August 2020, the price of gold has continued to drop. Bitcoin, on the other hand, has been rising. Although Bitcoin has also slumped from its all-time high of over $58,000, it has managed to stay close to the $50,000 region.

Check our guide of the most promising crypto

Read more

R0AR Introduces Unified DeFi Platform for Token, Liquidity, and NFT Staking

R0AR Introduces Unified DeFi Platform for Token, Liquidity, and NFT Staking

sheridian, wyoming, June 17th, 2025, Chainwire R0AR has launched its decentralized finance (DeFi) platform that integrates token staking, liquidity provision, and NFT-based rewards into a single user interface. Designed to support long-term engagement, the platform streamlines participation while incorporating embedded security measures and time-based reward models. Streamlined Staking and Liquidity

By John Williams

Cropto Redefines Agricultural Investment with the World’s First Comprehensive RWA Token Family

Bringing agricultural investment to blockchain, Cropto tokenizes 20 major commodities, making real-world assets accessible, secure, and tradable 24/7 Cropto, the agri-fintech pioneer revolutionizing agricultural investment, is proud to introduce the world’s first and most comprehensive Agricultural Real-World Asset (RWA) Token family, enabling seamless, secure, and 24/7 investment

By John Williams