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Stock impact report

Analyst flags quiet shift as Bitcoin and gold reverse roles [Yahoo! Finance]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Yahoo! Finance
But gold traditionalists have rejected such claims. However, recent trends suggest a role reversal. While gold has been hailed as a store of value for decades, Bitcoin (BTC) believers argue even the cryptocurrency is one similar asset and often dub it "gold 2.0." Similar to gold, Bitcoin is scarce and has a limited supply of 21 million coins. Bitcoiners argue it offers a hedge against inflation and dollar debasement just like gold. Related: Cathie Wood sends blunt message on 1971 gold standard reset But traditionalists have dismissed Bitcoin's "gold 2.0" narrative, and they couldn't be dismissed because while Bitcoin fell more than 25% from Jan. 1 to Feb. 28 this year, gold rose more than 20% during the same period. But the trend reversed after the war between the U.S.-Israel and Iran began on Feb. 28. Since then, gold's price has dropped more than 15% to $4,407.37 per ounce, but Bitcoin's price has risen around 10% to $69,350.73 at press time. Bitcoin started Tuesday o Show less Read more
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