Bitcoin Being A Risk On Asset And Also Act As Defensive Investment
Taking a look over the what’s happening around the crypto space and the investment seems cryptocurrency has been able to gain an edge over the traditional financial system with the continuous crash banks and other financial institutions. Let’s take a look at bitcoin performance against Gold, as regards this Mike McGlone took us on a twitter thread has he spoke about bitcoin indicating a new super cycle as he gave some key advantages of bitcoin as against Gold.
Looking for a super cycle? Bitcoin Outperforms Commodities With Declining Risk – Bitcoin beating gold, the top-performing old-guard commodity in 2023 to March 20, by almost 10x may be indicative of a super cycle happening in the crypto.
And also what was spoken about was the king crypto been a risk on asset and also it being defensive against investment against economic instability and also banking crises as we experience some days back in he’s words, he continued by saying that Relative strength vs most assets may portend Bitcoin’s inflection toward global digital collateral and potential to trade more like gold, US Treasury bonds. Central banks still tightening despite plunging commodities and a Banking Crisis adds to severe economic-reset risks.
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