Cryptocurrencies

Crypto Versus Gold Debate Rages on Wall Street as Flows Reverse

  • Bullion funds recorded best two weeks of inflows since October
  • Bitcoin has plunged by almost 40% from a $63,000 peak

     

Photographer: Carla Gottgens/Bloomberg
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Gold is back with a vengeance this month just as the crypto rally falls apart, refueling the Wall Street debate over the link between the two putative hedging assets.