Bitcoin To 'Augment' Gold As The 'Next Strategic Reserve Asset,' Says Expert

Benzinga11-12

Boosted by post-election euphoria, experts muse whether Bitcoin BTC/USD could potentially close the gap to gold as a strategic reserve asset. What Happened: Barbara Goodstein, Managing Partner at R360...

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Farside Investors data shows total Bitcoin spot ETF net inflows of $1.114 billion on Monday.\nThe surge was led by positive market sentiment and the fear of missing out (FOMO), led both retail and institutional investors to increase their exposure to Bitcoin.\nAsset management firm Bernstein on Monday reiterated a robust bullish stance on the crypto market, encouraging investors to \"buy everything you can\" as Bitcoin surged above $82,000. This bullish sentiment further underscores the growing investor interest in Bitcoin.\nWhat’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.\nRead Next: \n\nPeter Schiff: US Bitcoin Reserve Could ‘Destroy Dollar,’ Predicts It’s ‘Highly Unlikely’ To Happen\n\nImage: Shutterstock Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. 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