Bullion To Blockchain: Why Gen Z May Never Buy A Gold ETF
Over the past five weeks, U.S. spot Bitcoin ETFs have attracted over $9 billion, according to Bloomberg data.
BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) is the pacesetter, as institutional and retail interest in crypto exposure, particularly in ETF wrappers, reaches serious highs. Contrary to this, gold-backed ETFs have experienced over $2.8 billion worth of outflows over the same time period, despite bullion retaining a 25% year-to-date appreciation.
It appears the fight for the new “safe haven” has begun. But behind the charts and flows, an even more insidious change is occurring—one that involves not only portfolio strategy, but the psychology and priorities of a new generation of investors.
According to old-school thinking, gold is the default hedge during uncertain times. But with surging U.S. deficits, credit rating downgrades, and doubts over central banking autonomy, investors are seeking the next best thing, which they’re finding in Bitcoin.
Also Read: Bitcoin Faces Potential Sell-Off Near $120,000 As Profit-Taking Rises, Glassnode Warns
As Geoff Kendrick, Head of Digital Assets Research at …
About The Author
