In the past, gold was considered a safe haven and store of value during times of crisis such as bank runs. Gold prices doubled as the S&P500 recovered.
Today’s banking shows that gold is no longer king. Crypto has completely left it in the dust.
In the last week:
You could argue that crypto prices were down, but even if you look at 2 weeks ago:
This is a great sign, and I expect the crypto marketcap to surpass the price of gold within the next 10 years.
Submitted by /u/CherishedHamster