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Bitcoin as a Haven Asset: Investors De-Risking Portfolios Following Dovish Monetary Policies

From btcmanager.com

James Turk of Goldmoney says investors are de-risking their portfolios by pivoting away from bonds and stocks into assets like bitcoin and gold. The banking, investments, and commodities expert speaking to King World News said dovish central banks policies, a weak European banking system, and the U.S. – China trade tussle will eventually have a negative blowback on the mainstream market. Bitcoin and Gold Lead Bullish Breakout Both bitcoin and gold are enjoying renewed price resurgence since the start of April 2019. Gold is currently looking to break beyond the $1,300 resistance price, which would cement the bull case ... (full story)

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  • Category: Fundamental Analysis