While Peter Schiff touts gold…
Bitcoin flows outpacing Gold ETFs.
Flows say where the money is … Bitcoin outpacing Gold.
The @ARKInvest Bitcoin Monthly May Report
Gold ETF net flows dropped from ~$9.2 billion in April to ~$1.5 billion in May, while spot bitcoin ETF net flows surged 121% from ~$2.5 to ~$5.5 billion. Bitcoin’s aggregate unrealized profits have not hit manic levels.
During May, the price of bitcoin increased 11.1% and closed above its short-term-holder cost basis, its 200-day moving average, and its on-chain mean—or $96,108, $94,760, and $69,079, respectively.
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