When gold had its spell in the sun it was just about the only asset that was thriving, as US stocks took a big knock, and Bitcoin all but went into hibernation. However, it appears that the tables have turned. Stocks have made a v-shaped recovery, and Bitcoin is having something akin to a moon launch. Expect Bitcoin to make a new high against gold, and for this outperformance to continue longer term.
Most of Wall Street still does not know what Bitcoin is
One or two of the more traditional analysts have been talking up gold for some while now, saying that not only could it continue to outperform the US stock market, but that it would outperform Bitcoin into the bargain.
In fact, Bloomberg analyst Mike McGlone went on record several times in the Wolf of All Streets podcast, saying that he expected Bitcoin to go to $10,000. He made the observation that Bitcoin was still below the price of gold in 2021, and that it was now likely to decrease further against the shiny yellow m
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