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Cointelegraph: Gold vs BTC Correlation Signals Bitcoin becoming a safe haven


BofA: Bitcoin becoming a safe haven: Gold vs BTC Correlation

Despite the cryptocurrency bear market, investors are increasingly looking at (BTCA new study suggests that () is a safe haven.

The rise in the correlation between Bitcoin and gold (XAU) is one of the major indicators demonstrating investors’ confidence in BTC amid the ongoing economic downturn, according to digital strategists at the Bank of America (NYSE:).

Source: Bank of America