Gold Surges To 3-Month Highs As Bitcoin Loses $45k

Gold Surges To 3-Month Highs As Bitcoin Loses $45k

As bitcoin has been battered lower in recent weeks, the original ‘alternative’ currency has soared to its highest since January.

Bitcoin dropped below $45,000 for the first time since February amid Elon Musk’s comments, back at the levels before Musk’s initial bitcoin comments…

Source: Bloomberg

And Gold futures just touched $1865, its highest since January 31st…

Source: Bloomberg

Another ‘great’ rotation?

Source: Bloomberg

Gold still has a long way to go to catch up with Bitcoin…

Source: Bloomberg

So the barbarous relic is trumping new digital gold once again… for now.

Tyler Durden
Mon, 05/17/2021 – 11:07

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