Bitcoin (BTC) to Eat Gold (GLD)

As one well-worn example, Saylor said that gold can’t easily be moved from New York to Tokyo in a few minutes, unlike bitcoin. He also expects bitcoin to divert money away from other risk assets, including the giant SPDR S&P 500 ETF (SPY), and for bitcoin to begin showing up in other funds similar to the BlackRock setting plans to acquire spot BTC ETFs in its Global Allocation Fund.

Source: https://www.coindesk.com/business/2024/03/11/bitcoin-is-going-to-eat-gold-microstrategys-michael-saylor/?utm_medium=referral&utm_source=rss&utm_campaign=headlines