BNY Mellon’s Stock Market Warning Puts Bitcoin in Bull Spot

Bitcoin has good reasons to become part of defensive-oriented investment portfolios. The sentiments arise as Shamik Dhar, chief economist at BNY Mellon Asset Management, warns about a stock market pullback. He noted that investors should buy insurance assets because equities are running ahead of the post-lockdown macro narrative. Bitcoin is trading carefully below its technical resistance level of $10,000 for more than a month. But a renewed buying optimism for haven assets among defensive-oriented portfolios […]