Bitcoin trades like a safe-haven as Iran tension watched
A CoinShares note says bitcoin is showing gold-like safe-haven behavior, though macro signals are limiting investor appetite. The note points to potential risk-resolution in the Iran conflict or further confidence deterioration.
1309 ET - Behavior as a "safe-haven asset" similar to gold is being seen in bitcoin--although macro signals are limiting investor appetite for it in this role, says James Butterfill of CoinShares in a note.
He thinks that a resolution in the Iran conflict or "further deterioration in confidence in…