Bitcoin has more than doubled in price since the March sell-off triggered by the coronavirus pandemic. Photo: ReutersBitcoin has more than doubled in price since the March sell-off triggered by the coronavirus pandemic. Photo: Reuters
Bitcoin has more than doubled in price since the March sell-off triggered by the coronavirus pandemic. Photo: Reuters

Bitcoin rides wave with gold as Covid-19 relief cash unleashed by central banks sparks search for speculative and safe haven assets

  • Bitcoin has more than doubled since the March sell-off triggered by the coronavirus pandemic, as gold reaches its all-time high at US$1,939
  • The US dollar weakness, and US China tension in recent weeks and inflation fears have raised expectation that bitcoin will track gold’s rise

Topic |   Bitcoin
Bitcoin has more than doubled in price since the March sell-off triggered by the coronavirus pandemic. Photo: ReutersBitcoin has more than doubled in price since the March sell-off triggered by the coronavirus pandemic. Photo: Reuters
Bitcoin has more than doubled in price since the March sell-off triggered by the coronavirus pandemic. Photo: Reuters
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