Novogratz Calls Bitcoin (BTC) 'Report Card' on Financial Stability

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Novogratz Calls Bitcoin (BTC) 'Report Card' on Financial Stability
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Bitcoin is a report card on monetary policy and financial stability, says the billionaire investor

has made a bold statement about Bitcoin, saying that it is a report card on monetary policy and financial stability.

On a risk-adjusted basis, he said that BTC is the best-performing asset of the year, outpacing growth stocks, banks, and major stock benchmarks. Galaxy suggests that on a risk-adjusted basis, Bitcoin is the best performer of the year compared to a range of securities, indices, and commodities.The research indicates that the flagship cryptocurrency's correlation with gold is rising, while its correlation with stocks is decreasing, indicating that it behaves more like a safe-haven asset during times of crisis

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