Bitcoin’s Rising Correlation With Gold Indicates Investors See It as a Safe-Haven, Says Bank of America Market Strategists
Amid the economic uncertainty affecting a myriad of countries worldwide, Bank of America Securities market strategists explained in a note this week that the leading crypto asset bitcoin has been correlated with the well known precious metal gold. Bank of America analysts Alkesh Shah and Andrew Moss noted “that investors may view bitcoin as a relative safe haven as macro uncertainty continues.”
Bank of America’s Market Strategists Say Bitcoin’s Rising Correlation With Gold Indicates ‘Investors May View Bitcoin as a Relative Safe Haven’
Wow 🥺
Nonsense to compare them. Just wishful thinking. The bitcoin bubble has burst and the supply chain of new suckers has dried up. Price would be single digit with market manipulation 🤔
the gains on bitcoin is alot higher than the losses from inflation. People are smart and learning to make their money work for them
Damm i got to invest 😥
With the rising market cap of Bitcoin, I'm pretty sure it would be stable enough soon to be a safe haven.
And the view of Bank of America? Let's know
💛💚🖤
Amanda_Kadi
Aha that’s why it goes sideways because wveryone and his mum is buying ^^
Moon 🚀
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