PANews reported on March 5th that Bloomberg ETF analyst Eric Balchunas pointed out that since the Iranian airstrikes and escalating geopolitical tensions, BitcoinPANews reported on March 5th that Bloomberg ETF analyst Eric Balchunas pointed out that since the Iranian airstrikes and escalating geopolitical tensions, Bitcoin
Bloomberg analysts: Short-term price fluctuations are insufficient to negate the role of gold or Bitcoin as safe-haven assets.
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PANews reported on March 5th that Bloomberg ETF analyst Eric Balchunas pointed out that since the Iranian airstrikes and escalating geopolitical tensions, Bitcoin has risen by about 12% , while Gold has fallen. However, this does not mean that Gold has "failed" as a safe-haven asset or that Bitcoin has completely replaced its function. Balchunas emphasized that short-term price performance may be more driven by changes in market-making participation such as Jane Street and market sentiment. Gold's pullback may also be due to investors taking profits or some funds rotating into Bitcoin . Drawing conclusions about the nature of an asset based solely on short-term market movements is problematic.
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