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Bitcoin is for the younger cohort, while gold remains the "old investor's" game. These two assets are not perfect substitutes, but have several things in common.
We have recently learnt that some of those old guys that previously invested in gold ETFs such as family offices now are looking at bitcoin as an alternative to gold.
The question we are asking ourselves here is if gold will catch up to bitcoin, just as it eventually did in Q" 2019?