The Journey of BlackRock's IBIT vs IAU

[TomPluz]

The chart above is telling us how big is the shift of investors' preference from gold to Bitcoin. To get to the $33.2B of their gold ETF it took 20 years but in getting into $57.8B of Bitcoin ETF it just took a year.

The difference is quite clear...more and more investors are now interested with Bitcoin compared to gold though, of course, there is nothing wrong with gold per se but since investors are always look for the best ROI then the choice is so clear for them.

[robelneo]

The difference is quite clear...more and more investors are now interested with Bitcoin compared to gold though, of course, there is nothing wrong with gold per se but since investors are always look for the best ROI then the choice is so clear for them.

Its a domino effect where the money grows; expect investors and companies to go there, and Bitcoin is the new goldrush. For thousands of years we have seen the worthiness of gold but it was only a decade that we finally understood the revolutionary technology that Cryptocurrency is bringing to our generation, and so Bitcoin being the original cryptocurrency is a must investment in this new generation.

[hugeblack]

I believe that most investments in gold and precious metals are made by purchasing them directly, whether in the form of bullion or investing in mining companies. It is rare to invest in gold-related stocks/ETFs. As for Bitcoin, it was strange that the US ETFs were delayed in approval, which is why all this momentum occurred.

[Lucius]

An impressive chart that is very painful for some, because there are a lot of people who still spit on BTC and claim that gold is still a superior investment. It is obvious that BTC as an investment is starting to fit perfectly into the digital age, and that this graph shows that more and more investors are accepting it.

Far from gold becoming something that will disappear from the scene, but the digital age generations will always choose something digital rather than physical - although of course the question of owning BTC or gold through spot ETFs is always a question to which there is only one answer.

[Faisal2202]

The difference is quite clear...more and more investors are now interested with Bitcoin compared to gold though, of course, there is nothing wrong with gold per se but since investors are always look for the best ROI then the choice is so clear for them.

This is just the start IMO because many are still fearing to enter the market and some are not that sharp to make quick decisions like the ones who already invested in BTC instead they also invested in Gold too because I would do the same if have enough funds but to diversify I have invested in different tokens to manage risk but the best risk management should be to invest in two or more different independent markets.

Overall, this gap is big and the information is really useful too to differentiate what BTC (Digital Gold) has achieved so far and Gold is going to be overtake by BTC even in Market cap soon.

[Zed0X]

Compared to a snail pace but steady growth, this IBIT is like a sprint that could only last for a few hundred meters. No wonder there are still old heads who thinks BTC will fall down hard because of charts like that I guess follow the money still applies even for institutional investors.

[MrSpasybo]

The chart above is telling us how big is the shift of investors' preference from gold to Bitcoin. To get to the $33.2B of their gold ETF it took 20 years but in getting into $57.8B of Bitcoin ETF it just took a year.

The difference is quite clear...more and more investors are now interested with Bitcoin compared to gold though, of course, there is nothing wrong with gold per se but since investors are always look for the best ROI then the choice is so clear for them.

I am not the only one who laughed when I saw this picture, right?! We had seen WallStreet deny BTC, and we had also received criticism from many relatives and friends for daring to believe in BTC. Now everything has changed, we see WallStreet loves BTC crazily and the success of IBIT is the most convincing evidence.

When BTC reached $100K, we have the right to think about $1M for BTC in the future. When that happens, I think BTC has come close to Gold in both marketcap and global acceptance.

[0t3p0t]

Yeah maybe investors wanted the high volatility of Bitcoin for the best profit plus you know inflation rate is quite high nowadays no doubt why big players are now choosing Bitcoin over other investment assets like gold. Bitcoin's growth is fast that is why adoption following.

[Mia Chloe]

Yeah maybe investors wanted the high volatility of Bitcoin for the best profit plus you know inflation rate is quite high nowadays no doubt why big players are now choosing Bitcoin over other investment assets like gold. Bitcoin's growth is fast that is why adoption following.

It's actually more of an undeniable fact than some regular speculation that big firms like black rock and micro strategy are trying to acquire much bitcoins by buying huge tons of it to help them hold enough liquidity which will be of great potential profits once there is a strong move in price to the upside. Infact some governments are actually trying to do the same thing. All over the internet you will find news of the US trying to put huge bitcoin reserves into play.

My main. Concern is that I hope these firms and government with huge hodlings don't end up using it against decentralisation.