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Just like smart money is piling into Bitcoin through institutional ETFs, central banks around the world are buying more gold.
In fact, despite being -20% from its high, central banks made their biggest quarterly purchase since 2024.
Each day, the USD is being left behind as gold takes its place.
Soon, I believe BTC might be added to the mix as well, given that some country reserves are already doing it.
Gold's first ETF was in 2003, BTC's in 2024. Get where I'm going with this? 👀