BeInCrypto · 1 min read

Bitcoin Is Trading Like Gold, Not the Nasdaq — And Right Now That's the Problem

Bitcoin Is Trading Like Gold, Not the Nasdaq — And Right Now That's the Problem

Bitcoin (BTC) and gold have both given back much of last week’s gains. The two assets had climbed in step through August as investors piled into the debasement trade.  However, Federal Reserve Chairman Kevin Warsh’s Jackson Hole speech on Friday broke that run. Debasement Trade Powered the August Rally The rally in both assets began The post Bitcoin Is Trading Like Gold, Not the Nasdaq — And Right Now That's the Problem appeared first on BeInCrypto.

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