Gold

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-surpasses-gold-milestone">Bitcoin Surpasses Gold Milestone</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoin-price-soars-and-dips-in-a-turbulent-market-cycle">Bitcoin</a> has outperformed gold after two decades, achieving a significant milestone as the leading cryptocurrency trades at $64,400. This achievement follows positive inflation <a href="https://newslinker.co/" rel="nofollow noopener" target="_blank">data</a> for April and a notable decrease in previous economic concerns. The surpassed gold mark highlights Bitcoin’s growing acceptance as a valuable asset and investment option.</p> 
<h2 id="increasing-etf-interest">Increasing ETF Interest</h2> 
<p style="text-align: justify">Bitwise CIO Hougan reports a surge in ETF <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank">investments</a> from various companies, including Hightower Advisors, which holds a $68 million spot Bitcoin ETF. Other notable firms such as Cambridge Investment Research and Sequoia Financial Advisors have also made significant spot Bitcoin ETF purchases ranging between $4 million and $40 million. This growing interest from professional investment firms is significant for Bitcoin ETFs.</p> 
<p style="text-align: justify">In the first quarter alone, a total of 563 professional investment firms reported holding Bitcoin ETFs worth $3.5 billion. Hougan is optimistic that by the May 15 deadline, the number of firms could exceed 700 with total investments approaching $5 billion. This level of early interest is impressive and suggests a strong future for Bitcoin ETFs.</p> 
<h2 id="how-does-bitcoin-compare-to-gold">How Does Bitcoin Compare to Gold?</h2> 
<p style="text-align: justify">Gold, a precious metal valued for thousands of years, now faces competition from Bitcoin. Although Bitcoin has not yet achieved the same universal recognition, its current trajectory mirrors the early days of the Gold ETF launched in 2004. Bloomberg ETF analyst Eric Balchunas points out that BlackRock’s Bitcoin ETF IBIT has already attracted over 250 professional <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank">investors</a> in its first quarter, a notable achievement.</p> 
<p style="text-align: justify">In contrast, when the Gold ETF debuted in 2004, it saw a $1 billion inflow in the first five days and 95 professional firms declared holdings in their initial filings. By comparison, Bitcoin ETFs have already surpassed these early gold figures, underscoring Bitcoin’s rapid growth and increasing market acceptance.</p> 
<h2 id="key-takeaways-from-bitcoin-s-rise">Key Takeaways from Bitcoin’s Rise</h2> 
<p style="text-align: justify">– Over 563 professional firms currently hold Bitcoin ETFs worth $3.5 billion.</p> 
<p style="text-align: justify">– Major firms like Hightower Advisors and Sequoia Financial Advisors are investing significantly in Bitcoin ETFs.</p> 
<p style="text-align: justify">– Bitcoin ETFs have outpaced early Gold ETF investment figures from 2004.</p> 
<p style="text-align: justify">– The trend indicates increasing acceptance of Bitcoin as a comparable asset to gold.</p> 
<h2 id="conclusion">Conclusion</h2> 
<p style="text-align: justify">Bitcoin’s surpassing of gold marks a pivotal moment in the financial world, reflecting its growing acceptance and investment by major firms. As Bitcoin ETFs gain traction, the cryptocurrency demonstrates its potential to rival traditional assets like gold. With the number of professional firms investing in Bitcoin ETFs expected to rise, the future looks promising for Bitcoin as a valuable and stable investment asset.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-surpasses-gold-milestone">Bitcoin Surpasses Gold Milestone</a></h5>

Bitcoin Surpasses Gold Milestone

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