- Amid the economic uncertainty affecting a myriad of countries worldwide, Bank of America Securities market strategists explained in a note this week that the leading crypto asset bitcoin has been correlated with the well known precious metal gold.
- Bank of America analysts Alkesh Shah and Andrew Moss noted “that investors may view bitcoin as a relative safe haven as macro uncertainty continues”.
- Bank of America’s Shah and Moss have been monitoring the 40-day correlation with gold.
Bitcoin’s Rising Correlation With Gold Indicates Investors See It as a Safe-Haven, Says Bank…
