Bitcoin vs gold: BTC's three-month uptrend has snapped
BTC's three-month uptrend against gold has broken down amid strong inflows into gold and precious metals ETFs....
Key takeaways
- 1Bitcoin's three-month uptrend against gold has broken down, with the BTC-to-gold ratio falling from 18 points after peaking in early March.
- 2Bitcoin ETFs lost over $2 billion in two weeks while gold and precious metal ETFs attracted $2.34 billion in inflows during May 20 week.
- 3Gold is poised to outperform bitcoin in the near term as investors rotate away from BTC amid rising Treasury yields and higher interest rate expectations.
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Why it matters
This shift signals weakening confidence in Bitcoin as a store of value relative to traditional safe-haven gold, potentially impacting portfolio allocation strategies for Indian investors seeking hedge assets during macroeconomic uncertainty.
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