Bitcoin viewed as 'digital gold' could spur demand from new investors
Coinbase said in a research note on Friday that gold's outperformance could benefit Bitcoin, with investors viewing Bitcoin as digital gold, meaning the cryptocurrency could attract new demand in the current macroeconomic environment. . According to the report, the funds released by spot Bitcoin ETFs represent the most fundamental shift in market structure since the last cryptocurrency cycle. Coinbase remains largely optimistic about the outlook for the cryptocurrency market in the second quarter.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A certain whale address panic sold 3,296 ETH in the early hours today.
A new wallet possibly belonging to Bitmine received nearly 15,000 ETH worth $48.42 million from BitGo.
Delphi Digital: If BTC can hold the $90,000 to $110,000 range, a rebound is expected by the end of the year.
Trending news
MoreCrypto prices
More
