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

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
Topic |   Bitcoin

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