Bitcoin Surges Past $70,000: Is Capital Rotating From Gold?

Bitcoin's recent surge past the $70,000 mark has sent shockwaves through the financial markets, reigniting debate about the relationship between gold and crypto.

The price increase has been attributed to a combination of factors, including institutional investor activity and the growing acceptance of Bitcoin as a legitimate asset class.

Experts note that while gold and Bitcoin have historically moved in tandem during times of uncertainty, they have also experienced periods of decoupling. The current surge in Bitcoin's price is seen as a sign that investors are increasingly viewing BTC as a more efficient capital allocation tool.