Bitcoin Lags Behind Gold in Global Finance

Market analyst Connors discusses the slow adoption of Bitcoin by major financial players, attributing it to Bitcoins lack of integration into global trade and central bank operations. He highlights the contrasting role of gold, which has centuries of trust and established financial systems behind it. Connors also points to the recent performance gap between Bitcoin and gold, suggesting its not just about changing sentiment, but also due to a broader lack of available money in the financial system. He warns against expecting Bitcoin to replace gold anytime soon, emphasizing that large institutions choose assets based on their mandates, and gold fits those requirements in a way Bitcoin doesnt yet.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.