This article discusses how gold has significantly outperformed bitcoin since the launch of spot BTC ETFs, rising 58% while bitcoin fell 12%. Mark Connors explains that institutional investors prefer gold due to its established trust and infrastructure, while bitcoin lacks the same level of acceptance for trade and reserves. The recent decline in bitcoin's price is attributed to a liquidity squeeze, not a change in sentiment.

The article delves into the concept of "trustnomics," emphasizing the importance of trust in economic transactions and societal interactions. It argues that rebuilding trust in institutions and among individuals is crucial for fostering cooperation and improving overall economic performance. The piece also outlines strategies for enhancing trust in various contexts.