Kaiko: Bitcoin’s safe-haven status strengthens despite recent pullback

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Cointime2024/01/27 07:07

By:Cointime

According to a report by Kaiko, despite recent price retracements, Bitcoin's safe-haven status has been strengthened. The report states: "Overall, Bitcoin's returns are significantly higher than other traditional safe-haven assets such as gold, US bonds, or the US dollar. Its performance is significantly better than the market, attracting safe-haven funds during last year's US banking crisis." In addition, the 60-day correlation between BTC and the Nasdaq 100 index has significantly decreased over the past year, further supporting its image as a safe-haven asset.

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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