The increasing shift towards Bitcoin is no coincidence; several factors have contributed to Bitcoin's rise to prominence, from strong institutional support to growing government interest.
Bitcoin now accounts for 88% of the assets in gold ETFs in the U.S., suggesting an unprecedented transformation in how cryptocurrencies are perceived.
This trend could support the idea of 'digital gold,' where some believe Bitcoin could eventually replace gold, especially amid geopolitical and economic tensions.
In the first week of December 2024, over $2.167 billion was poured into Bitcoin ETFs, showcasing the high level of confidence investors have in the 'digital gold.'
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