Gold, the traditional store of value, may have a rival. Photo: Shutterstock
Gold, the traditional store of value, may have a rival. Photo: Shutterstock
Bitcoin

Is bitcoin becoming the new gold as investors seek shelter from trade war in safe havens?

  • Some analysts argue that bitcoin’s role as a store of value is turning it into digital gold, a view shared by Fed chairman Jerome Powell
  • Since late May, the price movements of the cryptocurrency and the precious metal have trended up in tandem amid concerns about global growth

Gold, the traditional store of value, may have a rival. Photo: Shutterstock
Gold, the traditional store of value, may have a rival. Photo: Shutterstock
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