Standard Chartered says Bitcoin not a safe haven against geopolitical risk - gold is

  • Analysts at Stan Chart say Bitcoin is likely to weaken below $60K, but should buy the dip

Standard Chartered say that gold is a hedge against geopolitical risk, whereas Bitcoin is is a hedge against TradFi issues such as bank collapses or de-dollarisation/U.S. Treasury issues.

Analysts at the bank like buying BTC/USD on a dip under USD60K

buy the dip Bitcoin 04 October 2024 2

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