Bloomberg Intelligence: Bitcoin Accelerates Expansion as Store of Value
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Bitcoin is strengthening its presence on the traditional financial market as a store of value. According to Senior Commodity Strategist at Bloomberg Intelligence, Mike McGlone, most indicators point to an "accelerating pace of bitcoin" (EXANTE: Bitcoin) replacing the metal as a store of value in investor portfolios.

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Bloomberg Intelligence: Bitcoin Accelerates Expansion as Store of Value
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McGlone notes gold will always have a place in jewelry and coin collections, but not as an investment class. At press time, bitcoin (EXANTE: Bitcoin) is trading at $53,980 (+5.87%).

Galaxy Digital Receives Approval to Launch Bitcoin ETF in Canada

The recent price activity comes after Norwegian billionaire Kjell Inge Rokke, who made his fortune on oil and gas, launched a new Bitcoin-focused investment company called Seetee. The newly-established firm will be overseen by Rokke's holding company Aker ASA and will focus on investing and hodling bitcoin.

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