Bitcoin’s Trajectory: Potential for New Highs, But How Does it Compete with Gold?

Bitcoin continues to attract investor attention, showing resilience despite some selling pressure this week. It trades between $111,085 and $112,040, hinting at a strong upward momentum. Recent data reveals reduced volatility and a robust volume-to-market cap ratio, leading institutions to take notice. This performance raises questions about Bitcoin’s future role in the financial landscape compared to traditional assets like gold.