In the turmoil of financial markets, investors always look for the safest haven. While bonds are the favorite of conservatives, young people and technology geeks prefer Bitcoin. It is worth noting that despite the many challenges facing the global economy, gold is still regarded as the most reliable safe-haven asset by analysts at Bank of America.
On the other hand, Bank of America pointed out that gold has shown its stability regardless of interest rate changes. Although banks are currently cautious about the role of Bitcoin in the financial market, some leading US banks have begun to open their doors to Bitcoin, such as Bank of America's Merrill Lynch and Wells Fargo, which have begun to offer Bitcoin ETFs to qualified customers.