Changpeng Zhao (CZ) stated that gold cannot outperform Bitcoin due to its lack of a limited supply. As gold prices dropped by 2.6%, Bitcoin’s recent recovery highlights its competing stance as a valuable asset in the market.
The decline in gold prices can be attributed to positive U.S. Job data and easing trade tensions. As gold struggles, Bitcoin shows potential growth, indicating a shifting landscape in the investment dynamic between traditional assets and cryptocurrencies.
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