Bitcoin Being Dumped Again Like Other Assets When the Fear Of Uncertainty Hits the World
Bitcoin seems like no difference compared to any other risky assets in the world. The movement of the Bitcoin’s price makes its own believer look embarrassed themselves lately. There is a high correlation between the pullback in the major stock indices and Gold when it comes to the fear of the world’s economy and pandemic uncertainty. Therefore, if Bitcoin cannot prove itself as a safe haven when things happen, it would be hard for the newcomers to keep walking into the market.
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