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Gold vs BTC correlation signals Bitcoin becoming safe haven: BofA

Published 10/25/2022, 06:05 AM
Updated 10/25/2022, 07:40 AM
Gold vs BTC correlation signals Bitcoin becoming safe haven: BofA

Despite the ongoing cryptocurrency bear market, investors have been increasingly looking at Bitcoin (BTC) as a safe haven, a new study suggests.

The rise in the correlation between Bitcoin and gold (XAU) is one of the major indicators demonstrating investors’ confidence in BTC amid the ongoing economic downturn, according to digital strategists at the Bank of America (NYSE:BAC).

Source: Bank of America

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Latest comments

This is fake news. What do you expect from CT. Gold was, is and WILL remain the safe haven. Crypto currency is RUBBISH.
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