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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Btceth01 on March 11, 2021, 11:58:50 PM

Title: Bitcoin Leaves Social Media Stocks 'in the Dust' With Market's Inflation Pivot
Post by: Btceth01 on March 11, 2021, 11:58:50 PM

Bitcoin (BTC) is proving its flexibility as an investment, rising along with tech and social-media stocks when those securities are rallying and still managing to eke out gains when traditional-market investors suddenly go cold on the technology trade, according to ByteTree Chief Investment Officer Charlie Morris.
The secret? Bitcoin’s investment narrative deftly shifted toward its potential use as an inflation hedge as a risk-off mood in recent weeks on Wall Street triggered a retreat from tech stocks and related investments such as Cathie Wood’s ARK Innovation exchange-traded fund.  Source (https://cryptonews.net/485562/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)