Bitcoin Considered ‘Digital Gold’ While It Reaches $103K
Posted On May 14, 2025
Bitcoin Price gained 0.67% on Wednesday to reach $103,456.92, which took its weekly gain to 6.91% and monthly to 22.59%. The surge has resulted in Bitcoin gaining reputation as a long-term investment, as investors are now seeing it as more of ‘digital gold’ than just a speculative asset.
The U.S. has been seeing rising yields on the 10-year Treasury note after a temporary withdrawal in tariffs between China and the U.S. This boosted the market sentiment and resulted in higher yields, which are currently 4.5%.
Typically, rising yields would signal trouble for non-yielding assets like Bitcoin as investors shift to safe interest-bearing assets. However, this situation is evolving.
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David Lawant, head …
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