Gold is suddenly attracting all the attention, with the yellow metal’s price nearing a record of over $2,000 an ounce as the Russia-Ukraine war escalates.
Now, crypto investors are asking what it might mean for bitcoin (BTC). After all, the largest cryptocurrency by market value has been cast by some analysts in recent years as a potential rival to gold and its perceived status as a “safe haven.”
The answer is that bitcoin is still viewed as a technological innovation whose performance as a global macroeconomic asset is still in question.
