Gold's Longest Losing Streak in 100 Years
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Golds Ten-Day Losing Streak: A Shift in Investor Preference?
Gold plummeted twenty-seven percent from its January peak, marking its worst run in over a century. Despite a slight rebound, its still down twelve percent since Middle East tensions escalated. Meanwhile, bitcoin, often dubbed digital gold, remains resilient above seventy thousand dollars, narrowing the bitcoin to gold ratio to just under sixteen ounces. Bitcoins steady gains against gold over the years, even during market crashes, suggest it could outperform gold in the future. As gold ETFs see billions flow out, investors are watching if bitcoin can push the ratio to new highs.
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