A recent survey by Bank of America, as reported by BlockBeats, has unveiled interesting insights into fund managers’ beliefs during a trade war. The survey shows that a significant 58% of fund managers anticipate that gold will outshine all other assets in such turbulent times. Surprisingly, only 9% of respondents placed their faith in 30-year U.S. Treasury bonds, while a mere 3% of hedge fund managers expressed confidence in Bitcoin’s performance under these conditions.
📈 Gold Reigns Supreme in Trade War Predictions
The results of the survey highlight a strong consensus among fund managers regarding the superiority of gold as a safe haven asset during trade conflicts. This preference for gold over other traditional assets like Treasury bonds and emerging assets like Bitcoin underscores the enduring appeal of the precious metal in times of economic uncertainty.
⚡ Is Bitcoin Losing Ground?
With only 3% of hedge fund managers backing Bitcoin in a trade war scenario, questions arise about the digital asset’s resilience in the face of global economic tensions. Despite its reputation for being a hedge against traditional markets, the survey results indicate a lack of confidence in Bitcoin’s ability to perform well during trade wars compared to gold and other more established assets.
🤔 Should Investors Reconsider Their Bitcoin Strategy?
Given the survey’s findings, investors may want to reassess their investment strategies and consider the implications of asset performance during trade wars. While Bitcoin has often been touted as ‘digital gold’ and a safe haven asset, the survey results suggest a divergence in market sentiment among fund managers.
Will Bitcoin manage to prove its detractors wrong and emerge as a reliable asset in times of economic turmoil, or will gold continue to reign supreme? Share your thoughts below!
#Gold price forecast, #Bitcoin trade war performance, #Safe haven assets