What’s shaping the thinking of our charterholders right now? New data, shifting narratives, and the charts that help make sense of it all. We asked our CFA charterholders to share a chart they’ve used in their work, and the insights driving their interpretation. In this post, @Guenther Kornfellner, CFA, Equity and Derivatives Trader, EMEA, looks at the value gap between Bitcoin and gold, and what that gap might suggest about digital assets as a store of value. “If you believe in the thesis that Bitcoin serves a similar function to physical gold, comparing their market capitalizations is justified,” he says. He points to a key trend behind the chart: “The most compelling story this tells is the growing investor perception of Bitcoin as a credible store of value. Institutional adoption could play an even bigger role in the coming year, especially as more traditional investors integrate Bitcoin into diversified strategies.” What are your thoughts? The views expressed are those of the speaker and do not necessarily reflect the views or positions of CFA Institute. (fb)

The CFA Institute Investment Foundations® Certificate is a fantastic opportunity to gain a solid understanding of finance and the investment industry. 👉 See what current certificate holders have to say Discover our exclusive offer for full-time students: https://cfainst.is/3EN0MxI (fb)