Bitcoin (BTC) Acting like Safe Haven Assets, says CME Group CEO Terry Duffy
Cryptovest
Published Feb 05, 2020 10:18AM ET
Updated May 30, 2020 12:02PM ET
Bitcoin (BTC) Acting like Safe Haven Assets, says CME Group CEO Terry Duffy
Terry Duffy, the chairman, and CEO of derivatives marketplace CME Group (NASDAQ:CME) has compared Bitcoin (BTC) to gold (XAU), indicating the growing trust of investors in the leading digital asset.
“We're seeing more and more people participate in Bitcoin,” Duffy said in an interview for CNBC's 'Closing Bell’ on Monday. “I think it’s more of safe haven, similar to a gold trade.”
Duffy made this statement in regards to the recent surge in BTC price. The CEO noted the fact that the digital currency had been hovering aro...
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