BlackRock: Bitcoin surpasses gold in investment preferences

BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed the iShares Gold Trust (IAU), its nearly 20-year-old gold fund, in assets under management (AUM). This event reflects a significant shift in investor preferences, with a move from traditional assets like gold to digital assets such as Bitcoin. This change highlights the growing acceptance of cryptocurrencies in traditional finance and the increasing demand for diversified investment options.