Is Bitcoin a Dollar Hedge or a Risk Asset? | Presented by CME Group
In its relatively short existence as an investment vehicle, Bitcoin has typically identified with dollar hedge assets such as gold and silver, rather than risk assets like equities and bonds. The cryptocurrency's determined move to the downside alongside treasury yields and major stock indexes over recent months has been highly unusual — and especially puzzling since it’s occurred on the threshold of a Fed rate cut. Are investors shifting Bitcoin from dollar hedge to risk asset portfolios? Presented by @cmegroup: https://www.cmegroup.com/openmarkets/...
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