Reported 2 months ago
Recent selloffs in the cryptocurrency market are testing the belief that Bitcoin functions as 'digital gold'. Unlike its previous behavior as a hedge against stock market volatility, Bitcoin has displayed a stronger correlation to stocks and significant price drops, raising questions about its role in investment portfolios. Analysts suggest that while Bitcoin's future potential as digital gold remains, it currently behaves more like a volatile asset subject to market fears and investor panic.
Source: YAHOO