PANews reported on May 2, according to MarketWatch, that earlier this month, U.S. Treasury bonds experienced a significant sell-off, while Bitcoin has shown relative strength compared to U.S. stocks and the dollar in recent weeks. However, Nationwide Financial's Chief Market Strategist Mark Hackett believes this does not mean Bitcoin has suddenly joined the ranks of traditional safe-haven assets or has become a store of value or defensive asset. Gold is clearly a defensive asset, while Bitcoin is more of a risk appetite asset rather than a safe-haven asset, with changes only occurring recently. It is "premature" for Bitcoin bulls to claim it has become a store of value, but this trend is worth watching.
Analysis: BTC's Rise Amid Stock Market Plunge is Uncommon, Worth Noting as a "Digital Gold" Trend
PANews2025/05/02 13:25
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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