Bitcoin is now clearly the main focus as big money flows are increasingly in its favor because since the launch of the Bitcoin ETF, around $56 billion has been channeled by institutional investors worldwide.
At the time of writing, the price of Bitcoin is currently at $66,335, which is positive 0.10% since it opened at the beginning of trading on Monday in the Asian session.
According to Bitmine CEO, Tom Lee, the perception that gold is the best hedge is increasingly shaky.
Based on historical data, gold has failed to match inflation almost 48% of the time over the past 55 years.
In fact, the price of gold has also been reported to have fallen by more than 15% recently, thus raising questions about its ability as a 'safe haven'.
On the other hand, Bitcoin is seen as increasingly strong as a modern alternative.
Since its introduction in 2009, this digital asset is said to have successfully beaten inflation 97% of the time.
One of the main factors is its limited supply of only 21 million units, something that no central bank can manipulate.
The influx of large funds into the Bitcoin ETF has also further strengthened its position in the financial world.
What was once considered a speculative asset is now increasingly accepted as a mainstream investment instrument, on par with commodities such as gold and oil.
At the same time, Ethereum has also gained attention when it is mentioned as a potential backbone of the future financial system.
With the ability to support tokenization and digital transactions, it is seen as able to connect the traditional financial world with blockchain technology.
