Kaiko Report: Bitcoin's safe haven status strengthened

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2024/01/27 03:54

In a recent research report, Kaiko pointed out that despite the recent price retracement, the 60-day correlation between BTC and the Nasdaq 100 index has significantly decreased in the past year. However, Bitcoin's safe-haven status has been strengthened. The report states: "Overall, Bitcoin's return rate is significantly higher than that of gold, US bonds, or the US dollar and other traditional safe-haven assets. Bitcoin's performance is clearly superior to the broader market and attracted safe-haven capital during last year's US banking crisis."

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