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RE: Hedge Funds Abandon Gold To Chase Bitcoin
I said this all along...btc would take from gold.
Why would anyone believe that a physical object was going to remain the store of value when we are entering into a digital world. Ten years from now, most of our lives will be in the digital arena. The largest companies in the world today are not the ones with the most physical assets, in fact they have relatively few compared to other companies. Instead, it is their ecosystem and algorithms that have the valie.
I do not see the store of value being any different. Ultimately, we will see bitcoin take at least 50% of the gold market away.