From Investing.com: 2024-05-13 02:30:21

The surge in Bitcoin demand coincided with gold ETF outflows of $7.7 billion, with gold reaching $2,200 per ounce. Data shows consistent outflows since April 2022, totaling $46 billion, challenging the idea that Bitcoin’s rise caused gold’s decline. Venture capitalists invested $2.49 billion in crypto and blockchain companies in Q1 2024, a 29% increase, despite Bitcoin’s price surge.

Bitcoin’s decentralization mitigates systemic risks of traditional financial systems, operating as a single institution governed by a global network of peers. Its volatility is tied to its monetary policy, prioritizing supply growth for capital flow. Bitcoin has remained resilient across different interest rate environments and consistently higher during risk-off periods in the last decade.

Read more at Investing.com: Do Traditional Investors See Bitcoin as Risk Asset? By U.Today