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Millions of cryptocurrencies compete with four key precious metals -- which has the greater potential for price appreciation? The Bloomberg Galaxy Crypto Index (BGCI) exhibits the typical survivor bias found in such benchmarks (it currently tracks 12 cryptos). Yet despite that, the BGCI has flatlined vs. the Abrdn Physical Precious Metals ETF (GLTR) since 2017. What happens to cryptos when the stock market goes down? The ongoing underperformance of BGCI versus GLTR may serve as a warning.
On the Bloomberg here: {BI COMD}
#gold #silver #platinum #palladium #bitcoin #stockmarket @BBGIntelligence

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