TechFlow reports that Matrixport has released a new report stating Bitcoin remains the top investment choice, and mainstream media have begun promoting Bitcoin as digital gold.
The report highlights that Bitcoin tends to perform exceptionally well during U.S. election years. Despite strong U.S. economic growth and a robust labor market, central banks may still cut interest rates, which would naturally translate into stock price gains. The firm maintains its bullish outlook on Bitcoin and recommends Ethereum as a hedging instrument.
Previous report: Matrixport stated that Ethereum's upward momentum is weakening and suggested using it to hedge against Bitcoin long exposure.
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