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Bloomberg: Bitcoin can act as a global collateral and behave like Treasury Bonds

  • The Bloomberg analysts predict that Bitcoin could slowly lose its correlation to equities and emerge as a competitor to U.S. treasuries.
  • The analysts also note that it is unlikely that Bitcoin will trade under its 200-week moving average for a long time.

Bloomberg Intelligence recently published its “Crypto Outlook” report for the month of August. As per Bloomberg’s crypto market research,
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