Bitcoin 'Tends To Lag Gold By A Few Months' And Is Destined For Upside, Says Expert
Portfolio Pulse from Khyathi Dalal
Charles Edwards of Capriole Investments predicts a bullish outlook for Bitcoin, driven by improving macro conditions and the impact of spot ETFs. He notes Bitcoin's correlation with gold and expects it to follow gold's upward trend. Recent inflows into iShares Bitcoin Trust highlight growing institutional interest.
October 02, 2024 | 1:16 pm
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POSITIVE IMPACT
iShares Bitcoin Trust has seen significant inflows of $20.9 billion this year, indicating strong institutional interest in Bitcoin as an asset class.
The article highlights significant inflows into iShares Bitcoin Trust, suggesting strong institutional interest. This is likely to positively impact the trust's performance in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80