Potential Market Shift: BTC and ETH as Safe Havens | Flash News Detail | Blockchain.News

Potential Market Shift: BTC and ETH as Safe Havens

8/5/2024 7:23:05 AM

Potential Market Shift: BTC and ETH as Safe Havens

According to CryptoMichNL, the current market conditions may either mark a low point or the beginning of a major crisis. This situation is described as binary: either there will be a V-shaped recovery, with Bitcoin (BTC) emerging as a safe haven asset alongside Gold, and Ethereum (ETH) taking a leading role in decentralized finance (DeFi) as a safe haven for banking systems. The analyst believes that the market is moving towards this scenario. (Source)

Bitcoin Ethereum ETH BTC DeFi Gold

More from Michaël van de Poppe (@CryptoMichNL): Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast