
Gold outperforms Bitcoin as a store of value as BTC drops below $40K
The debate between Bitcoin and Gold as a store of value heated up this weekend as Gold soars towards an all time high whilst Bitcoin drops below $40k.
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Crypto prices remain volatile after concerns of Nuclear disaster in Europe subside. However, fighting around the Zaporizhzhia power plant may not be over causing uncertainty in the markets.

Despite the recent bounce, on-chain metrics indicate a lack of bullish sentiment.

Bitcoin has seen a strong recovery from the lows last week, and BTC trading flat the past 24 hours. Traders and markets attention is now fixed on the war in Ukraine, while not many are looking at macro economy and inflation.

This reports shows how Ukraine has the highest adoption of cryptocurrency in Europe dating back to 2021

Bitcoin’s value in the last seven days has grown by around 15%. DeVere Group's CEO Nigel Green has predicted that Bitcoin could reach $50k this month. According to him, the impressive performance of the token in the past few days gives it the momentum to reach that landmark price.

The founder of TRON has proved yet again that even ostensibly good deeds could bite you in the asset.



