Gold Defends Against Market Slumps: Analyst Says Bitcoin Fails to Provide Reliable Protection

Bloomberg Intelligence analyst Athanasios Psarofagis argues that gold continues to outperform Bitcoin during market downturns, offering a more reliable safe haven when stocks decline. In a recent interview on Bloomberg TV’s ‘ETF IQ’, Psarofagis explains that gold tends to remain relatively stable in the face of S&P 500 sell-offs, while Bitcoin experiences losses similar to equities.