Joker on Nostr: Bitcoin Beats Gold, Stocks In 2024!!! Bitcoin has surged roughly 80% in 2024, driven ...
Bitcoin Beats Gold, Stocks In 2024!!!
Bitcoin has surged roughly 80% in 2024, driven by strong demand for US-based exchange-traded funds (ETFs) and Federal Reserve interest rate cuts.
In doing so, it has outpaced traditional investments like stocks and gold.
BlackRock’s Bitcoin (IBIT) ETF ($33.17 Billion) Is Now Bigger Than Its Gold (IAU) Fund ($32.96 Billion)
It's Bitcoin Trust ETF (IBIT) has now surpassed its iShares Gold ETF (IAU) in terms of net assets—a remarkable feat given the fact that the former product has only existed since January!!!!! The iShares Gold ETF has been offered since 2005!!!!
Bitcoin has surged roughly 80% in 2024, driven by strong demand for US-based exchange-traded funds (ETFs) and Federal Reserve interest rate cuts.
In doing so, it has outpaced traditional investments like stocks and gold.
BlackRock’s Bitcoin (IBIT) ETF ($33.17 Billion) Is Now Bigger Than Its Gold (IAU) Fund ($32.96 Billion)
It's Bitcoin Trust ETF (IBIT) has now surpassed its iShares Gold ETF (IAU) in terms of net assets—a remarkable feat given the fact that the former product has only existed since January!!!!! The iShares Gold ETF has been offered since 2005!!!!