According to Foresight News, Gautam Chhugani, an analyst at Bernstein, said in a report to clients: "In all my time studying cryptocurrencies, this is the best performance of Bitcoin prices I have seen. At such a time, it is hard not to invest in cryptocurrencies. Bitcoin has shown relative resilience during the Nasdaq index decline, and when the Nasdaq index rebounds, Bitcoin rebounds even more. Investors may now view Bitcoin more as a non-sovereign value storage method and a tool to hedge against geopolitical uncertainties, policy mistakes, and currency devaluation."
Bernstein: Investors may currently view Bitcoin as a tool to hedge against geopolitical uncertainty, policy errors and currency depreciation
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