Analysis: BTC rises when the stock market falls sharply and becomes a "digital gold" trend worth paying attention to

PANews May 2 news, according to MarketWatch, U.S. Treasury bonds suffered a sharp sell-off earlier this month, and Bitcoin has shown relatively strong relative to the U.S. stocks and the U.S. dollar in the past few weeks. However, Mark Hackett, chief market strategist at Nationwide Financial, believes that this does not mean that Bitcoin suddenly joins the ranks of traditional safe-haven assets, or has become a store of value or a defensive asset. Gold is obviously a defensive asset, while Bitcoin is more a risk-favorable asset than a safe-haven asset. It has not changed until recently. Bitcoin bulls claim that it has become a store of value "it is too early", but this trend is worth paying attention to.