No, bitcoin is not the new gold
From markets.businessinsider.com
Bitcoin bulls like to claim that bitcoin is a great haven investment, like gold, in times of geopolitical uncertainty. Traders fleeing from risky trades when global turmoil increases tend to flock to seemingly safe, solid bets like gold. Online forums and financial publications have pushed the idea of bitcoin behaving in similar ways to those assets, especially in the past week, as US-Iran tensions escalate over the assassination of Qassem Soleimani. Bitcoin since the beginning of the year has soared about 10%. However, one analyst said Tuesday that the idea bitcoin is a safe haven is a fallacy. "I've long been a ...
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