BITCOIN IS PLAYING BOTH SIDES
Bitcoin is increasingly behaving as both a risk asset and a hedge against inflation, government debt and geopolitical uncertainty.
That strengthens its long-term “hard asset” appeal, according to Zaye Capital Markets.
But further gains will require genuine investor demand, not just traders closing bearish positions.
Institutional inflows, regulatory progress and Treasury-market conditions could therefore become more important than momentum alone.
Bitcoin rose 1.5% to $77,406 after hitting a three-month high.
Bitcoin is increasingly behaving as both a risk asset and a hedge against inflation, government debt and geopolitical uncertainty.
That strengthens its long-term “hard asset” appeal, according to Zaye Capital Markets.
But further gains will require genuine investor demand, not just traders closing bearish positions.
Institutional inflows, regulatory progress and Treasury-market conditions could therefore become more important than momentum alone.
Bitcoin rose 1.5% to $77,406 after hitting a three-month high.
