The inflows in spot Bitcoin ETF have surged once again in February clocking nearly $500 million a day before. Interestingly, the pace of inflows has caught investors’ attention with many of them expecting that Bitcoin would eat into Gold’s market share sooner than expected.
Bitcoin (BTC) – A sound Money Asset
According to insights provided by on-chain data provider Checkmate, Bitcoin is steadily closing the gap on Gold, traditionally regarded as the premier sound money asset.
With approximately $14 trillion in total above-ground Gold stock, of which 38% is considered investment grade, including $3.0 trillion in Bullion and ETFs, along with $2.36 trillion held by Central Banks, Gold has long held sway as a safe haven asset.
However, Checkmate’s analysis indicates that Bitcoin’s presence in this investment-grade sound money market cap is rapidly expanding. Currently representing 15% of the total investment grade market cap, BTC’s growth trajectory suggests a promising future
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