Photographer: Chris Ratcliffe/Bloomberg

Bitcoin's Gold Poaching to Slow Under ‘Adult Supervision’

Bitcoin’s torrent of all-time highs is widening the cryptocurrency’s record gap with gold. The surge “should be tamed with adult supervision in 2018,” as futures trading in bitcoin on regulated exchanges gets under way, said Mike McGlone, a Bloomberg Intelligence strategist. “There is little doubt that bitcoin and cryptos are stealing some gold demand interest, at least in this parabolic stage,” McGlone said. “When the crypto rally reaches its apex, gold should regain more shine. That looks like a good prospect in 2018.”

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