The Breakdown Bitcoin vs. Altcoins vs. Gold
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Feb 13, 2025 Discover the intricate dance between Bitcoin, altcoins, and gold as they respond to today's economic climate. Delve into gold's rising appeal amid inflation and geopolitical tensions, as well as the challenges facing the gold market. Explore how Bitcoin's efficiency is outshining struggling altcoins and why it’s being seen as a new form of sound money. With the rise of counterparty risks and the evolving sentiment in cryptocurrencies, uncover what this means for investors navigating market trends.
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Divergent Investor Trends
- Some investors seek sound money amidst macro changes.
- Others lean towards degeneracy and nihilism, sometimes both.
Gold's Record High
- Gold hit a new all-time high, up 12% since the start of 2024.
- This marks gold's best annual performance since 2010, rising over 25%.
Central Bank Gold Rush
- Central banks, including Poland, India, Turkey, and China, bought over 280 tons of gold in 2023.
- Increased demand caused physical delivery delays from the London Metals Exchange.