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Learning & News => News related to Crypto => Topic started by: newshunter on December 01, 2020, 01:01:38 PM

Title: Record gold outflow 'isn't going into ripples' — only Bitcoin, says fund manager
Post by: newshunter on December 01, 2020, 01:01:38 PM

Record gold outflow 'isn't going into ripples' — only Bitcoin, says fund manager

Gold outflows are rising as Bitcoin rallies due to heightened buyer demand from institutional investors.

Source: Record gold outflow 'isn't going into ripples' — only Bitcoin, says fund manager (https://cointelegraph.com/news/record-gold-outflow-isn-t-going-into-ripples-only-bitcoin-says-fund-manager)

Would appreciate your opinion about this

Title: Re: Record gold outflow 'isn't going into ripples' — only Bitcoin, says fund manager
Post by: TomPluz on December 02, 2020, 04:07:00 AM

I would say that this is quite expected all because these institutional funds are looking for ways they can maximize the returns so their customers can be happy and satisfied. We know that gold is very stable but its possible returns is not that very attractive, compared to Bitcoin. Bitcoin is projected to be growing so well into 2021, and there are even predictions beyond anybody's wildest dreams. That can be so exciting to watch, especially if you are also a holder (unlike me).