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James Van Straten, industry influencer, reports that Bitcoin has outperformed gold for two consecutive months.
He observes that this movement resembles the 2019 mid cycle correction in the cryptocurrency market.
Van Straten previously reported that bitcoin had recorded fewer down days than TLT, S&P 500 and gold since the war began, highlighting its resilience among major assets in his analysis. Separately, analysts at Macroscope criticized the Bank of England’s approach to government bonds and noted that both bitcoin and gold are being considered as alternatives in recent commentary. The comparisons place additional focus on bitcoin’s performance relative to traditional hedges.