Bitcoin’s role as the new gold – a safe haven for investors – continues to hold merit.
A correlation emerged between gold and cryptocurrency prices late last year as investors began trading gold for bitcoin. Analysts expect the trend to continue, despite the recent decline in bitcoin’s price.
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In the long-term, as cryptocurrencies mature and evolve into a major asset class, Pandl said digital currencies like bitcoin will pose lower returns but demonstrate a high level of stability, like gold and other safe-haven assets...Click here to know the details story
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