Bitcoin Shines As Hedge Against 'Major Geopolitical Events,' Says Research Firm
Portfolio Pulse from Khyathi Dalal
Bitcoin is highlighted as a hedge against geopolitical uncertainty, with NYDIG noting its potential parallels to gold's performance. Despite a recent rally, options data shows traders are cautious. Corporate adoption is growing, with Cathedra Bitcoin joining MicroStrategy in strategic investments. NYDIG advises caution with new metrics like 'Bitcoin per share.'
September 26, 2024 | 3:31 pm
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MicroStrategy continues to adopt Bitcoin as a strategic investment, joining other companies like Cathedra Bitcoin. NYDIG advises caution with new metrics like 'Bitcoin per share.'
MicroStrategy's continued adoption of Bitcoin as a strategic investment aligns with the growing trend of corporate adoption. This could positively impact MSTR's stock as Bitcoin's role as a hedge against geopolitical events is highlighted.
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