RE:Bitcoin Scam?Gold and silver have been, after crypto, the highest gaining asset year to date.
Crypto is highly speculative with high volitility while gold is a longer term tangible store of value that has since the begining of 2023 became a tier one asset competing with treasuries which is the reason central banks have been dumping treasuries for gold.
Cyrpto buyers are not the same buyers as buyers of gold. Gold buyers are the central banks, soveriengns, and middle east and far east cultures that have a history of storing wealth in gold and silver.
Money going to crypto is not money being diverted from gold buyers. Crypto and gold have been out performing all other assets because each is supported by seperate buyers, one is the fast buck high speculative crypto crowd and the other the crowd are those looking for wealth preservation against rapidily deteriorating fiat currencies. .
Gold's performance is just behind Bitcoin
https://www.zerohedge.com/markets/trump-presidency-quick-thoughts-market-impact