##Bitcoin and Gold To Increase The Most Amid the COVID-19 Pandemic, Report Says – Cryptocurrency Trading

##Bitcoin and Gold To Increase The Most Amid the COVID-19 Pandemic, Report Says – Cryptocurrency Trading: Free Crypto Signals App –

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Bitcoin is reducing its correlation with the stock market, and is transitioning towards gold’s performance, a recent Bloomberg report claimed. Amid the current COVID-19 crisis, both assets will outperform equities and emerge as the most substantial gainers.

Bitcoin To Join Gold

The unexpected outbreak of the COVID-19 pandemic jolted world economies and financial markets. The cryptocurrency space was not exempt from adverse price developments. However, a recent Bloomberg document outlined that the primary digital asset is declining in terms of volatility and is preparing to become a more stable asset amid the coronavirus crisis:

“This year will confirm Bitcoin’s transition from a risk-on speculative asset to the crypto market’s version of gold, in our view. From a volatility perspective, declines in Bitcoin’s reading and the rise for the stock market’s shifts performance fa

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