State Street flags Bitcoin rally as a threat to gold’s safe-haven appeal

Bitcoin’s latest rally has State Street Global Advisors’ chief gold strategist, George Milling-Stanley, raising an eyebrow. Investors, he says, are falling for a dangerous illusion, mistaking Bitcoin’s meteoric rise for stability. According to Milling-Stanley, Bitcoin doesn’t even come close to matching gold’s time-tested safety, and the current frenzy is all about returns, not reliability. “Bitcoin,

Source: Cryptopolitan