Gold Price Struggles But Will Still Outperform Bitcoin, S&P in 2022
“Gold is behaving just like a breakout should,” asserts Gareth Soloway, president and CFO of InTheMoneyStocks.com. Soloway joined the debate on Bitcoin and gold to mark the year-anniversary. He told Daniela Cambone that “gold will outperform Bitcoin” and the S&P [in 2022].”. Bitcoin trades in “lock-step” with the NASDAQ, and a spot Bitcoin ETF would be “a step forward,” he said. He concludes that gold is now in “the sweet spot” due to inflation, Fed policy and other factors.
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I’m a journalist who specializes in investigative reporting and writing. I have written for the New York Times and other publications.