State Street warns that the bitcoin boom could distract gold investors
2024-11-24 01:59:04
State street bank gold policy supervisor george milling stanley warningdesk3cryptocurrencydesktopCrypto News
George Milling-Stanley, head of gold strategy at State Street, warned that bitcoin's rise could mislead investors into ignoring the stability of gold, arguing that bitcoin is more like a return-driven investment, while gold provides long-term stability. He also criticised bitcoin promoters for misleading the market by using the term "mining", arguing that gold remains a more reliable investment option.
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