Opinion: The recent strong rise in bitcoin has attracted some funds from gold into bitcoin
2024-11-17 09:02:02
China Fund News News Yongying CSI Shenzhen-Hong Kong Gold Industry Stocksdesk3cryptocurrencydesktopCrypto News
According to China Fund News, Liu Tingyu, a fund manager of Yongying China Securities Shanghai, Shenzhen and Hong Kong Gold Industry ETF, analyzed that after the results of the US election were realized and the "Trump trade" expected from September to October was realized, some long funds took profits, which triggered the adjustment of gold prices. Virtual currencies and gold have a certain substitution for sovereign currencies. The recent strong rise in bitcoin has attracted some funds to flow into bitcoin from gold.
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