The recent analysis by Coinbase compared the potential role of Bitcoin and gold in the market. Supporters of Bitcoin have suggested that Bitcoin could function as digital gold in the future. Coinbase mentioned that the increasing adoption of Bitcoin as a digital gold alternative might attract new investors. The report also highlighted how the Federal Reserve's cautious approach to interest rate cuts negatively affected cryptocurrencies but positively impacted gold. According to analyst David Han, the introduction of spot Bitcoin ETFs led to increased capital flow into Bitcoin and potentially reduced volatility in the market.
Bitcoin and Gold Comparison by Coinbase Analyst
by Giorgi Kostiuk
2 years ago
0
Other news
Robo-Advisors Set to Transform Wealth Management by 2026
The global robo-advisor market is projected to reach approximately $6 trillion by 2026, reflecting a significant shift in wealth management practices.
Robo-Advisory Services Tailored to Diverse User Needs in 2026
Robo-advisory services are increasingly tailored to specific demographics and needs, with distinct application segments emerging.
Bybit Launches XAUT Flexible Easy Earn Amid Record Gold Prices
Bybit launches XAUT Flexible Easy Earn, allowing users to earn up to 11% APR on tokenized gold as prices hit a record high.
VoiceRun Aims to Build Trust in AI Voice Agents
VoiceRun is working to enhance the quality and reliability of AI voice agents to overcome user skepticism and build trust.
Billy Markus Highlights Struggles of the Zoomer Generation
Billy Markus highlights the struggles of the Zoomer generation, focusing on the pandemic, AI in the job market, and economic challenges.
Fondeoxyz Introduces a 24-Hour Payout Assurance for Eligible Traders.
Fondeoxyz has launched a new policy ensuring qualified traders receive payouts within one business day after completing the evaluation process.
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter