Bitcoin’s Rise Reminiscent Of U.S. Gold Rush

S&P DJI intends to launch global cryptocurrency asset indices based on data sourced from Lukka, our cryptocurrency pricing provider known for its institutional-grade pricing. Soon, reliable and user-friendly crypto benchmarks will be available to promote more transparency in this area. Lukka is a New York City-based crypto asset software and data company. S&P Global participated in Lukka’s USD 15 million Series C in December 2020.

There are many drivers why market participants are allocating a slice of their portfolios to Bitcoin. For many of those reasons, gold is already the ideal, established candidate for adoption. The S&P GSCI Gold tracks the most actively traded gold futures on the CME. Whether looking for an inflation hedge, store of value, way to diversify, or directional play in commodity markets, gold is the asset with the longest track record of price appreciation in human history.

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