Digital Gold or Commodity? Bitcoin vs. 21 Million Offshoots - Bitcoin's role may be shifting toward that of a speculative, hype-driven commodity, leaving it prone to sharp pullbacks after outsized rallies and potentially boosting the appeal of gold as a haven. CoinMarketCap's listing of 21 million cryptos highlights the unchecked proliferation of numbers on a screen mostly tracking holdings with no underlying assets, undermining Bitcoin's perception of limited supply. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t2f5ecgq7l0k {BI COMD} #bitcoin #gold #stockmarket #macroeconomics @BBGIntelligence(Mike McGlone)