Standard Chartered Bank: Bitcoin is not a safe haven from geopolitical risks, but it's still worth buying on dips
BlockBeats reports, on October 4th, Geoff Kendrick, the global head of digital asset research at Standard Chartered Bank, stated that "Gold is a geopolitical hedging tool. BTC is not a safe haven against geopolitical risks but it can hedge against issues like bank failures or de-dollarization and problems with U.S. Treasury bonds." Therefore, he still recommends investors to buy in when prices are low.
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
Negotiations on the US crypto market structure bill continue and may be postponed until next year
The U.S. Senate Banking Committee may postpone the review of the "Cryptocurrency Market Structure Bill" until 2026.
Trending news
MoreCrypto prices
More
