Bloomberg analyst: Gold is rising well, but still lags slightly behind Bitcoin, and the gap is narrowing rapidly

Odaily News Eric Balchunas, ETF analyst at Bloomberg, wrote on the X platform that gold is finally being rewarded for its generous returns, with GLD up 23% in the past six months, outperforming stocks by $2 billion. That said, it still lags behind Bitcoin since the launch of the ETF, but not by much, maybe 500 basis points, and the gap is narrowing rapidly. The value store is taking effect.