While crypto has been largely been viewed as a “risk on” asset class, Coinbase says “bitcoin’s continued resilience and the approval of spot exchange-traded funds (ETFs) has created a bifurcated pool of investors (for bitcoin in particular) – one which sees bitcoin as a purely speculative asset, and another that treats bitcoin as a ‘digital gold’ and hedge against geopolitical risk.”

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• Source: https://www.coindesk.com/markets/2024/04/19/crypto-markets-will-be-driven-by-macro-factors-following-the-halving-coinbase-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines