Bitcoin’s shining a light on gold as debt fears drive investment into U.S. dollar alternatives

📆 27/03/2024 02:43:00
📰 KitcoNewsNOW

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Bitcoin’s shining a light on gold as debt fears drive investment into U.S. dollar alternatives - Wells Fargo

- Bitcoin’s rally to all-time highs above $73,000 per token is helping to fuel gold’s flight above $2,150 as a growing need for alternative currencies becomes insatiable, according to one market strategist.South American gold and precious metals producer Nilam Resources announced it plans to acquire 24,800 Bitcoins, which will serve as collateral for future capital raises. – Even as the U.S.

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