Bitcoin's price has corrected to approximately $105,000 amid a significant rise in gold, which has now become the world's second-largest reserve asset. This development has reignited discussions about Bitcoin's status as 'digital gold' and its volatility relative to traditional assets.
In response to these market dynamics, the U.S. Treasury has proposed the creation of a 'Strategic Bitcoin Reserve,' indicating potential shifts in policy. The move has prompted varied reactions from industry figures, with Binance CEO CZ and economist Peter Schiff offering contrasting perspectives on Bitcoin's future and its comparison to gold.
Bitcoin Price Dips to $105K as Gold Becomes Second-Largest Reserve Asset
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