According to Mike McGlone, gold is anticipated to outperform Bitcoin in the next months due to variables such as the Bitcoin-to-gold ratio. He maintains his bullish stance on Bitcoin but emphasizes that gold retains value as a risk-off asset as a result of digitalization technology. McGlone voiced concern about the probable future gold price rise in relation to Bitcoin. Both asset classes have grown significantly in recent months, owing to the ongoing banking crisis. Gold-related exchange-traded funds (ETFs) have risen 10% in the last two months, outperforming the S&P 500 index. Bitcoin is currently trading at $26,810, up 1.5% on the day.
Can Bitcoin outshine gold? Here’s what commodity guru says
