[Tech] Wednesday's Market Minute: Bitcoin Looks Poised For Another Big Drop

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CIG News – Wednesday's Market Minute: Bitcoin Looks Poised For Another Big Drop. News provided by Benzinga Tech, The tech sector is the category of the markets relating to the research & development and/or distribution of technological based services as well as goods.

One of the most important debates around crypto is whether investors should think of bitcoin as a “safe-haven” asset like gold and bonds. It kinda looks like it’s trading like one this year, and it sure as heck traded like one last year, rallying in unison with bonds and gold during the Great Paranoia Trade of 2019.

There’s no perfect answer, but putting the massive speculative bubble aside, bitcoin’s overall trends look quite similar to bonds over the last year. But bitcoin is best thought of as a *subset* of traditional safe-haven assets. Because bitcoin is viewed by enough of its investor base as a way to bet on excessive central bank activity that will one day undermine the value of …

Full story available on Benzinga.com

Source Benzinga

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