Bitcoin Reaches $100,000, Drawing Near Gold in Investment Appeal, Analysts Say

Since May 10, as Bitcoin once again surpassed the $100,000 mark and gold prices adjusted, signs of a shift in global investment flows have emerged. Julian Timer, Global Macro Director at Fidelity, pointed out on May 16 that a 'baton of liquidity' might be passing back to Bitcoin from gold. He analyzed that the Sharpe Ratios (risk-adjusted returns) of both assets are converging, indicating that their attractiveness as investment options is becoming nearly equivalent.

Furthermore, data from River indicates that currently, more Americans hold Bitcoin than gold...