Bitcoin set to replace gold, says Bloomberg strategist on Bretton Woods 50th ...

Bitcoin set to replace gold, says Bloomberg strategist on Bretton Woods 50th ...

The statement appeared as a takeaway from Blockworks' Bretton Woods: The Realignment conference that gathered economists, macro analysts, and investors to discuss Bitcoin. Bitcoin (BTC) is replacing gold even as United States’ regulators attempt to disrupt its advance, said Mike McGlone of Bloomberg Intelligence on Aug. 16.The senior commodity market strategist credited the "digitization of money and finance" behind the Bitcoin market's superior growth against gold, noting that the same factors helped the U.S. dollar gain dominance "rapidly and organically" over the precious metal. Spot....


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