Cryptoknowmics
2023-04-27 08:23:03

Despite Rising Correlations To Gold, Bitcoin Remains A Safe-Haven Asset

The age-old commodity has emerged as a surprising ally for Bitcoin, the digital currency that was once regarded as a volatile investment gold. The connection between the alpha crypto and the valuable metal has consistently expanded, giving investors a place of refuge notwithstanding the continuous financial emergency and increasing loan fees. With the banking crisis looming, Bitcoin outshines gold Investors are turning to Bitcoin as a safe haven for their money as the banking crisis continues to wreak havoc on the financial sector. As a matter of fact, many are picking crypto over the conventional place of refuge, gold, due The post Despite Rising Correlations To Gold, Bitcoin Remains A Safe-Haven Asset appeared first on Cryptoknowmics-Crypto News and Media Platform .

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.