Bitcoin Falls Behind Gold in Debasement Trade, Hits 2-Year Lows: Analysis
According to analysis, Bitcoin has not become investors' preferred choice for the debasement trade. The analysis notes that BTC price action is slumping while gold and silver have repeatedly reached all-time highs. The report suggests that Bitcoin is underperforming compared to traditional safe-haven assets like gold and silver in the current market environment. The analysis highlights a potential shift in investor preference, with precious metals gaining traction as a hedge against currency debasement, while Bitcoin struggles to maintain its appeal in this context.
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