Matrixport: Bitcoin tends to perform well in US election years, still using Ethereum as a hedge
Matrixport, Bitcoin remains the preferred investment and is now being promoted as digital gold by the mainstream media.The report notes that Bitcoin tends to perform exceptionally well during US election years, despite strong economic growth and labor markets, as central banks may lower interest rates, which would naturally reflect in stock price gains. They continue to be bullish on Bitcoin and see Ethereum as a hedge tool. Earlier news from Matrixport suggested that Ethereum's upward momentum has weakened and recommends using it as a hedge against Bitcoin long positions.
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.
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