news 
Bitcoin (BTC) Outperforms Gold Amid Macro Uncertainty, Bitwise CIO Stays Optimistic
In a recent post, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, expressed his optimism regarding Bitcoin’s long-term performance despite short-term volatility. Hougan attributed the current market uncertainty to inflation concerns and interest rate policies, which continue to impact the global economy.
Bitcoin has recently outperformed gold in the wake of a significant macroeconomic shift following the presidential election results. While many investors might be frustrated by the cryptocurrency’s sideways movement amidst this uncertainty, Hougan emphasized the importance of taking a step back and acknowledging the progress made so far.
“We’re making progress,” Hougan underscored, emphasizing that it is essential to look beyond short-term market fluctuations and focus on the bigger picture.
This sentiment resonates with recent trends. Bitcoin has shown remarkable resilience in the face of macroeconomic uncertainty, proving its worth as a store of value. It’s crucial to keep this perspective in mind when assessing the cryptocurrency’s long-term potential.
Source: Twitter
Source: https://u.today/bitcoin-btc-outperforms-gold-amid-macro-uncertainty-bitwise-cio-stays-optimistic
