Despite ETF hype, central banks and asset allocators continue to choose gold over crypto for reserve and trade purposes.
Why Gold Is Winning Over Bitcoin in 2025: Liquidity, Trade, and Trust
Despite ETF hype, central banks and asset allocators continue to choose gold over crypto for reserve and trade purposes.
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Crypto prices and risk assets remain at the mercy of macro headlines for now, one analyst said.
Gains in BTC came as Senator Cynthia Lummis reintroduced the BITCOIN Act, pushing for the U.S. to scoop up 1 million BTC as a strategic reserve.
Bitcoin held a crucial support level amid cautious market positioning ahead of Powell's Jackson Hole speech.
The firm said it is "ripping the band-aid off" by allowing early investors to sell shares ahead of schedule.