Jag Kooner, head of derivatives at Bitfnex, said that in a macroeconomic environment where inflation persists, Bitcoin is becoming a more attractive option for people who want to diversify their investment portfolios.
Kooner said various macroeconomic headwinds in 2024 could enhance the safe-haven status of assets such as Bitcoin, gold and silver. He added: "Inflation levels that continue to be above the comfort zone of central banks around the world are expected to lead to higher interest rates for a longer period. This situation may undermine current market expectations for early easing of monetary policy in developed markets and may cause investors to be somewhat Disappointed." (The Block)