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Nicholas Colas Says Bitcoin is a Geopolitical Turmoil Indicator

Sofia Cabrera ​

Summary: In an interview with CNBC on August 14, 2019, Nicholas Colas, the co-founder of DataTrek Research, stated that Bitcoin is a geopolitical turmoil indicator. The interviewer asked Colas if he believed that Bitcoin could be a safe haven asset, Colas responded, "We are definitely seeing that, and really are perked up around the Hong Kong ...

In an interview with CNBC on August 14, 2019, Nicholas Colas, the co-founder of DataTrek Research, stated that Bitcoin is a geopolitical turmoil indicator. The interviewer asked Colas if he believed that Bitcoin could be a safe haven asset, Colas responded, "We are definitely seeing that, and really are perked up around the Hong Kong protests and some of the currency flight that happened out of Hong Kong and the mainland, and Bitcoin was one of the few assets that we watched that actually predicted that uncertainty ahead of time. Nothing else was really moving, Bitcoin was."


Author: Sofia Cabrera

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