Bitcoin Failed as a Safe Haven to the U.S. Stock Market: JP Morgan Analyst2.6

Bitcoin has fared poorly as a store of value asset in the past decade, according to John Normand.

The head of JPMorgan’s cross-asset management unit told Bloomberg that gold was a better hedge than Bitcoin since July 2010. While the precious metal proved to be a safer haven six times for the S&P 500 10-worst months, bitcoin posted positive returns on only three occasions.

Original source
https://www.newsbtc.com/2019/01/29/bitcoin-failed-as-a-safe-haven-to-the-u-s-stock-market-jp-morgan-analyst/

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