Bitcoin’s Breakout? Expert Says Gold’s Biggest Disaster Is Coming

Description

Jeff Park, Head of Alpha Strategies at Bitwise Asset Management, has gone on record to suggest that recent developments at the gold market might trigger a mass exodus to Bitcoin. Notably, the Bank of England is under scrutiny for extended delivery times on physical gold, fueling renewed debate about the reliability of gold-backed assets. As a reaction, Park writes via X: “I’m counting down the days until a logistical disaster (or outright fraud) in the physical delivery of these assets shatters ...