Analyst: The market is more inclined towards emerging non-traditional hedging transactions such as Bitcoin
Kyle Rodda, a senior financial market analyst at Capital.com, said that after the Trump shooting incident, he saw clients flocking to Bitcoin and gold. "This news marks a turning point in American political norms and the emergence of greater political violence," he said. "For the market, this means hedging transactions, but more towards non-traditional hedging."
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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