Matrixport released a new report stating that Bitcoin is still the preferred investment, and the public media has begun to promote Bitcoin as digital gold.
The report points out that Bitcoin tends to perform exceptionally well in U.S. election years, and despite U.S. economic growth and a strong labor market, the central bank may cut interest rates, which will naturally be reflected in stock price increases. They continue to be bullish on Bitcoin and use Ethereum as a hedge.
Matrixport said that the upward momentum of Ethereum has weakened and it is recommended to be used to hedge the long risk of Bitcoin.
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