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26 November 2020

Deutsche Bank Says Investors Increasingly Prefer Bitcoin Over Gold as Inflation Hedge - CoinDesk

Deutsche Bank Says Investors Increasingly Prefer Bitcoin Over Gold as Inflation Hedge - CoinDesk


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The cryptocurrency has rallied over 25% this month alone despite hopes for a swift global economic recovery on potential coronavirus vaccines and improved risk appetite in stock markets.

U.S.-based drug makers Pfizer and Moderna announced encouraging results for their experimental coronavirus vaccines earlier this month, triggering a rotation of money out of gold and other haven assets and into risk assets.

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coindesk.com
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