Allianz Chief Economic Advisor: Bitcoin is becoming a ‘safe flight’
Mohamed A. El-Erian, the Chief Economic Advisor of Allianz and former CEO of Pacific Investment Management Company, said that Bitcoin is becoming a "safe flight". Bitcoin is replacing long-held U.S. Treasury bonds, which have long been seen as a safe haven for safety or quality. Considering the continued development of global geopolitics, although the U.S. Treasury Department can still play this role, the situation may change in the future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Donald Trump Taps Crypto-Friendly Scott Bessent as Treasury Secretary
Ripple’s vs SEC to End Soon?—XRP Surges on Settlement Rumors
Will there be a Solana ETF by the end of 2025?
Cboe BZX filed four applications for spot Solana ETFs earlier this week.The approval path for additional spot crypto ETFs should become clearer with a pro-crypto White House administration.
Changes at the SEC start well ahead of Inauguration Day
One federal judge’s rulings this week found that the SEC had overstepped its authority and must vacate the Dealer Rule
Trending news
MoreCrypto prices
More
