Gold’s Bling Bling: Is Bitcoin Just a Fading Memory? 💰😅

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What to know:

  • So, get this: Gold ETFs are raking in $10 billion like it’s a Black Friday sale, while Bitcoin ETFs are losing $5 billion. Talk about a one-sided relationship! Charlie Morris from ByTree thinks this will flip. Sure, Charlie, and I’ll start dating a supermodel tomorrow. 🙄
  • Spot gold just hit $3,002. That’s up over 15% this year! All thanks to ETF inflows, geopolitical drama, and U.S. tariff worries. Who knew gold was so popular? It’s like the prom queen of commodities! 🎉

Gold broke the $3,000 mark for the first time, then decided to play hard to get and retreated to $2,990. Classic move! Gold futures for April delivery also joined the party, breaking the $3,000 barrier on Thursday. What a show-off! 😏

This shiny metal is up over 15% this year, driven by strong ETF inflows, geopolitical uncertainty, and the ongoing soap opera of U.S. equities thanks to former President Trump’s tariff talks. Can we get a reality show on this? 📺

Meanwhile, gold in British pounds is still sulking about not hitting its all-time high of £2,363. It’s about £300 short. Come on, gold! Get it together! 💸

Charlie Morris, the guy behind ByTree and the BOLD ETF (which has both Bitcoin and gold), is watching this gold-Bitcoin drama unfold. He thinks the trend will reverse soon. Sure, Charlie, and I’ll start believing in unicorns! 🦄

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2025-03-14 14:40