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Viewpoint: Bitcoin is not a safe haven for stock markets to fall, and its medium-term performance may be consistent with overall stock market trends
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3 hours ago 1,977
According to Golden Finance, YouHodler Marketing Director Ruslan Lienkha said he claimed the market is undergoing adjustments and may evolve into a medium-term bearish trend. Lienkha: “Uncertainty is reaching a local peak, prompting traders to temporarily close positions. Typically, bond markets, especially U.S. Treasury bonds, are safe havens for investors during a period of intensified recession expectations.” Lienkha expressed doubts when asked about the feasibility of Bitcoin as a safe haven in the current market environment. "At present, Bitcoin is definitely not a safe haven when the stock market falls. Instead, it performs more like a high-risk tech stock with high volatility and high price volatility. While high volatility may lead to short-term divergence, Bitcoin's mid-term performance may be consistent with the overall stock market trend."
Keywords: Bitcoin
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