Cripto box Binance

🟠Bitcoin is becoming more and more like gold, says Bloomberg analyst. Bloomberg senior analyst Eric Balchunas stated that BTC's volatility and correlation are gradually approaching those of gold. BlackRock's spot Bitcoin ETF (IBIT) has outperformed the US market since the escalation of the conflict in the Middle East, and has more than doubled the S&P 500 ETF (SPY) in returns since its launch. According to Bloomberg data, IBIT's 60-day volatility is increasingly converging with the gold ETF (GLD), which may indicate Bitcoin's gradual transformation into a safe-haven asset.