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Gold Tops Safe Haven Assets, According To Bank Of America—Can Bitcoin Compete?

  • Bank of America analysts consider gold as the top safe haven asset.
  • The bank recommends central banks and traders to increase exposure to gold.
  • Gold is seen as a better hedge against inflation and volatile currencies compared to Bitcoin.
  • Bank of America estimates that gold prices can reach $3,000, driven by fiscal expansion and increased market volatility.

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