Global #Gold

The debate over whether gold or Bitcoin is a superior store of value has intensified as both assets have seen significant price gains in 2024.

Peter Schiff, a well-known Bitcoin critic, remains steadfast in his belief that Bitcoin cannot be classified as digital gold. Recently, he took to Twitter to showcase his interaction with ChatGPT, asserting that the AI agreed with his stance.

In a notable shift in monetary policy, global central banks—excluding the Bank of Japan—are easing their approaches to increase liquidity in financial systems.

Bitcoin (BTC) saw a brief rebound, rising above $61,500 in Asian morning trading on Wednesday, after a sharp decline that brought it down to as low as $60,300 late Tuesday.

The price of gold has reached a historic milestone, surpassing $2,660 per ounce after experiencing a remarkable increase of over 30% this year.

The price of gold has soared to an all-time high of $2,629 per ounce on September 23, driven by a recent interest rate cut from the U.S. Federal Reserve.