Bitcoin Vs Gold: BofA Strategist Flips Bullish on Gold as XAU/BTC Hits 10-Week High

A strategist at the Bank of America (BofA), Michael Hartnett, notes that investors should purchase gold to hedge against the rising US debt that could weaken the dollar. The strategist’s bullish outlook on gold comes as the XAU/BTC reading surges to the highest point in ten weeks as gold continues to perform better than Bitcoin.