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Bitcoin Crashed Alongside Stocks, Is It No More The Outlier? - Analyst Calls Comparison With Traditional Safe Haven Gold 'Ludicrous'

Benzinga ·  Aug 7 19:15

Leading cryptocurrencies mirrored the stock market decline this week, with barometerBitcoin(CRYPTO: BTC) plummeting to lows not seen since February.

Bitcoin's downswing ignited a fresh debate around its store of value narrative, a major sticking point between advocates of the cryptocurrency and its skeptics.

The concerns were exacerbated by the fact that gold, the traditional safe-haven asset, dropped a little over 1% on Monday, while "digital gold" cratered 16%.

Hence, it begs the question — Is Bitcoin more integrated than traditional markets than ever, and hence no more the outlier?

Benzinga talked about experts to understand if it's indeed...

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