It’s 2024 and the investment environment is clearly changing. Traditional safe havens such as gold ETFs are experiencing notable outflows, in contrast to the Bitcoin ETF, which has seen a significant increase in interest since its debut at the beginning of the year. These changes suggest that investors are exploring new territory and, as highlighted in this article, seeking alternatives that promise both security and growth in uncertain times.
In this story, Galaxy Fox ($GFOX) is also on a profitable path, soaking up liquidity during the pre-sale period and selling over 2.7 billion tokens. Why are cryptocurrencies tilting from gold to $BTC and how does $GFOX outperform the top altcoins?
Bitcoin vs. Gold in 2024
In 2024, the differences between investing in gold and Bitcoin will become much clearer. A total of $2.4 billion was withdrawn from gold ETFs, with the largest amounts being $230.4 million and $423.6 million from BlackRock’s iShares Gold Trust Micro and iShares Gold Trust, respectively.
In contrast, the Bitcoin ETF showed the opposite trend. With record trading volumes and notable moves for the digital asset, 10 licensed spot Bitcoin ETFs have amassed an astonishing $3.89 billion in inflows since launching in early January.
Source: X/Jameson Robb
There was a much more fundamental change in investor attitudes, and this change was reflected in the numbers. Bitcoin rose 23.5% to its highest level in two years, while gold, a safe haven during uncertain times, fell 3.4% to its lowest level in two months. The difference shows that investors are attracted by Bitcoin’s high return potential in the current economic environment and are starting to see Bitcoin as a good substitute for gold.
Bloomberg analyst Eric Balchunas is among many who think this trend could mean more diversification into U.S. stocks and digital assets than a direct shift from gold to Bitcoin. This suggests that investor priorities are changing and that digital currencies may soon be considered as good or better than traditional assets such as gold as a store of value.
Investors flock to Galaxy Fox
Bitcoin’s success is directly reflected in the entire cryptocurrency market, and current cryptocurrency statistics are no exception. Among the top ten altcoins, Galaxy Fox is a name you will often hear from analysts discussing potential best altcoins.
Galaxy Fox, one of the best crypto ICOs to date, is divided into 10 separate stages, with each stage gradually increasing the value of $GFOX tokens. This means that early investors have the opportunity to see their deposits grow by 450%, a temptation no one should miss.
However, with this lucrative opportunity comes competition and investors are rushing to absorb $GFOX tokens at rock-bottom prices. This resulted in the pre-sale phase selling out quickly, and $GFOX is currently nearing the close of phase 8.
However, there is still a narrow window to purchase $GFOX in stage 8, and if you succeed, you can make a 33% profit as the price of $GFOX will naturally increase after two more pre-sale stages.
In particular, the appeal of $GFOX lies not only in its rewarding pre-sale, but also in its hybrid memecoin/P2E ecosystem, which is fully committed to community engagement and offers rewards at multiple levels while participating.
conclusion
As the latest market dynamics show, Bitcoin has become the new gold. This means that cryptocurrencies as a whole will experience more adoption and trust.
In this direction, experts often suggest identifying small gems with real utility and future potential, as these are the best altcoins that can generate the most profits in a bull market.
Learn more about $GFOX, visit the Galaxy Fox Presale, or join the community.