Tag: Asset

Bitcoin Emerges As Safe-Haven Asset With Correlation To Gold At 2-Year High

Bitcoin Emerges As Safe-Haven Asset With Correlation To Gold At 2-Year High

Bitcoin, the digital currency that was once considered a volatile investment, has found a surprising ally in the form of an age-old commodity: gold. Since March, the correlation between the alpha cryptocurrency and the precious metal has steadily increased, providing investors with a safe haven Read More

Bitcoin To Become Sought-After Asset Over Traditional Finance, This Analyst Says

Bitcoin To Become Sought-After Asset Over Traditional Finance, This Analyst Says

Bitcoin (BTC)’s potential as a safe haven asset is gaining traction among investors as recent U.S. bank failures change market sentiment, according to Bloomberg Intelligence Senior Macro Strategist Mike McGlone. McGlone explained that high-profile bank failures have raised concerns about the stability of the traditional Read More