GSR CEO Prediction: Bitcoin's Correlation with US Stocks Will Persist Until Election Day
Publication Time:2024-08-09 22:56:07
According to a report by Golden Finance, Rich Rosenblum, the CEO of GSR, revealed a crucial insight in an interview with BlockWorks. He stated that the tight link between Bitcoin and US stocks will continue until the election is concluded. This insight suggests that market uncertainty may cause the volatility of these two assets to influence each other. Furthermore, he pointed out that while Bitcoin is viewed by some investors as a safe haven asset, it seems unable to fully replace traditional 'digital gold' in the short term. This indicates that even under turbulent global financial market conditions, Bitcoin's independence and its function as a means of value storage still need time to be established and perfected.
CEO
Bitcoin
election
US Stocks
GSR
Correlation