Gold vs BTC correlation signals Bitcoin becoming safe haven: BofA By Cointelegraph

Despite the ongoing cryptocurrency bear market, investors have been increasingly looking at (BTC) as a safe haven, a new study suggests.

The rise in the correlation between Bitcoin and gold (XAU) is one of the major indicators demonstrating investors’ confidence in BTC amid the ongoing economic downturn, according to digital strategists at the Bank of America (NYSE:).