Bitcoin is behaving like gold: what does this mean for investors?
Against the backdrop of the conflict between the US and Russia caused by a joint missile strike by the United States, Britain and France on Syrian positions, investors are buying up gold on the Chicago toar exchange. Gold traditionally grows in price in times of international conflicts, since it helps to reduce risks due to possible the possible weakness of major currencies.
Now gold seems to have a new competitor: it's cryptocurrencies, and first of all bitcoin. The cryptocurrency market against the backdrop of US military operations behaved in much the same way as the gold market. Bitcoin has a lot in common with gold: limited supply, large extraction costs, high value. True, bitcoin has more competitors in the cryptocurrency market than gold in the metals market, and its ate depends on many factors, including regulatory measures in different countries.
Nevertheless,cryptocurrencies have firmly entered the "big league": their price depends on the political situation. And a new escalation of the conflict in Syria or other points of global tension will lead to a new jump in the bitcoin rate.
