Matrixport: Bitcoin tends to perform well in US election years, still using Ethereum as a hedge

03/22 02:50

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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.

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