Express

Citigroup: Gold is "Losing Its Luster" Compared With Cryptocurrency

Amy Liu

Summary: Citigroup  released a new report saying that gold's dominance is being replaced by cryptocurrencies. Citigroup analysts, including Aakash Doshi, stated in the report that gold investment activity may have turned to net outflow, which seems to be due to the expansion of the investor base and the preference of some institutional investors for digital alternative ...

Citigroup  released a new report saying that gold's dominance is being replaced by cryptocurrencies. Citigroup analysts, including Aakash Doshi, stated in the report that gold investment activity may have turned to net outflow, which seems to be due to the expansion of the investor base and the preference of some institutional investors for digital alternative assets. 

Doshi pointed out in the report that although a few months do not represent a structural trend, the liquidity impact appears to be good for cryptocurrencies and undermines gold's performance in 2021.

By Amy Liu

Last Update:

Tags: ,,
Link: Citigroup: Gold is "Losing Its Luster" Compared With Cryptocurrency   [Copy]
Next:

Related Articles

  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 1 day ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 2 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 5 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 6 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 8 days ago

    • You need to login to comment.