Core Viewpoint - The SPDR Gold Shares ETF has significantly outperformed Bitcoin, Nvidia, and the S&P 500 in 2023, highlighting gold's strong performance as a safe haven asset amid geopolitical and economic uncertainties [1][2]. Performance Comparison - The SPDR Gold Shares ETF has increased by 25% year to date, outperforming Palantir Technologies (down 12%) and Nvidia (up 3%) [1]. - The ETF has outperformed the S&P 500 by 23 percentage points year to date and by 52 percentage points over the last six months [2]. Hedge Fund Activity - Notable hedge fund managers, Israel Englander of Millennium Management and Ken Griffin of Citadel Advisors, have increased their holdings in the SPDR Gold Shares ETF, indicating confidence in gold as a strategic investment [6]. Gold as a Diversifier - Gold is recognized as an attractive portfolio diversifier due to its low correlation with stocks and bonds, making it appealing during periods of global tension and economic distress [4][5]. Historical Performance - Historical data shows that gold has provided a hedge during significant market downturns, with gold prices declining less than the S&P 500 during crises [5]. Geopolitical Factors - The demand for gold tends to rise during periods of geopolitical tension and economic uncertainty, which have been exacerbated by recent U.S. policies [8][9]. Future Price Predictions - Analysts have varying predictions for gold prices in 2026, with estimates ranging from $4,700 to $6,000 per ounce, reflecting differing views on the impact of geopolitical and economic factors [11].

RT Naga Avan-Nomayo (@JeSuisNaga)ICYMI: Another legacy giant moves from tokenization experiments to live crypto rails.🏦 Fidelity plans to roll out FIDD, a dollar-backed stablecoin on Ethereum, in the coming weeks.✍️ Said differently: Stablecoins just got another trillion-dollar sponsor, even as Washington negotiates policy.📈 In the background, dollar-backed stablecoin supply is around $300 billion today. Standard Chartered projects another $500 billion could flow into the sector by 2028.💵 Where will the cap ...

🗞️ Need to catch up on the news? Here's our top 10 from today:🔸 Tether is now the largest known gold hoarder outside banks and nation states, with over 140 tons worth around $23B stored in a Swiss nuclear bunker, per Bloomberg.🔹 Standard Chartered warns stablecoins pose up to $500B risk to US bank deposits by end of 2028.🔸 Morgan Stanley adds a new role to push into crypto, appointing Amy Oldenburg as Head of Digital-Asset Strategy.🔹 Ethereum says the ERC-8004 standard is going live on mainnet soon, enablin ...

🚨 LATEST: Standard Chartered warns stablecoins pose up to $500B risk to US bank deposits by end of 2028. https://t.co/ZYQ4FGC08H ...

According to Bloomberg, Standard Chartered research warns that accelerating stablecoin adoption could drive significant deposit outflows from banks in developed economies, with as much as $500 billion potentially shifting into digital assets by 2028, including roughly one-third of stablecoin market capitalization from U.S. bank deposits. The stablecoin supply has already expanded by about 40% year over year to over $300 billion and may accelerate further as crypto legislation advances. https://t.co/FnOl3GfQ ...

RT Naga Avan-Nomayo (@JeSuisNaga)FYI: $500 billion.💸 That’s how much value stablecoins could pull from U.S. bank deposits by 2028, per Standard Chartered.🏦 The bank says digital dollars, like USDT & USDC, are moving beyond crypto markets and beginning to pose structural questions for bank funding, liquidity, and regulation.🇺🇸 This shift is more evident today than ever before, particularly as U.S. policymakers debate how stablecoins should be supervised.💵 Greenback-tied stablecoins are currently near $300 bi ...

LATEST: 🏦 US regional banks could lose $500 billion in deposits to stablecoins by 2028, with net interest margin income facing the greatest pressure, according to global bank Standard Chartered. https://t.co/RD3YHo6PeW ...

Stablecoins Are a Bigger Threat to US Banks Than Regulators Admit: Standard Charteredhttps://t.co/sDpw5BDGHi ...

RT James Hunt (@humanjets)ICYMI: Here's a quick news recap from today's Asia & EMEA sessions @TheBlock__ 👇🪙 Tether, the world's largest stablecoin issuer, is taking on the lucrative American market with the official launch of its new USAT stablecoin.🐋 A nine-year dormant Ethereum whale moved $250.5 million worth of ether to Gemini, bringing its total ETH transfers to the exchange this week to $397 million.🏛️ Prediction markets platform Kalshi announced that it has established a new office in Washington, D.C ...

Standard Chartered warns stablecoins could drain $500 billion from U.S. bank deposits by 2028 https://t.co/zxHZxcp7fU ...