Bank of America: Investors see BTC as a safe-haven asset again
2022/10/22 13:28
According Bloomberg,Bitcoin's movement relative to other assets may indicate that investors are once again viewing it as a safe-haven asset after a period of trading largely as a risky asset, according to Bank of America Corp. BTC's 40-day correlation with gold is about 0.50, up from about 0 in mid-August. while BTC's correlations with the S&P 500 and Nasdaq 100 are higher, at 0.69 and 0.72 respectively, they have flattened out, below historical levels seen a few months ago.
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