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Bitcoin, the Haven Crypto Bulls Hoped for, Is More a Barometer of Risk: Godbole

Bitcoin, rather than behaving as a digital gold, has solidified as a proxy for risk, validating FX market participants who track it as a gauge of speculative sentiment.

By Omkar Godbole|Edited by Sheldon Reback

Updated Apr 17, 2025, 12:46 p.m. Published Apr 17, 2025, 8:36 a.m.

Golden bar on background of raw coal nuggets close-up — Bitcoin price movements correspond more to coal-exporter Australia's currency than gold. (Macrowildlife/Dreamstime.com)