ChainCatcher News, Bank of America warns that as national debt continues to rise, gold may become the ultimate safe-haven asset in the U.S. market. The bank points out that gold is more attractive than U.S. Treasury bonds, especially in light of potential debt crisis risks.Gold prices in 2024 continue to rise, nearing the historical high of $2,700, with expectations to surpass $3,000 in the future. Meanwhile, the economic plans of U.S. government candidates may further increase debt levels, which also encourages global central banks to increase their gold reserves.

ChainCatcher news, BlackRock's digital asset head Robbie Mitchnick expressed his views on Bitcoin in an interview with Bloomberg. He believes that although Bitcoin has recently aligned with the U.S. stock market, it should be seen as a "safe-haven" asset. He compared Bitcoin to traditional safe-haven assets like gold, which are typically favored during uncertain times. In contrast, stocks, commodities, and high-yield bonds are often considered "risk-on" investments.Mitchnick explained that despite short-term volatility, assets like gold and Bitcoin have shown similar performance over time. "Gold exhibits many of the same patterns; despite periods of temporary alignment with stocks, the long-term correlation is close to zero."He emphasized that Bitcoin's decentralized nature and scarcity set it apart, stating, "You would consider it as the foundation of a safe haven."

ChainCatcher news, according to The Block, Nansen analyst Aurelie Barthere estimates that the likelihood of an economic recession this year is 40%.Bitfinex analysts state that during an economic recession, Bitcoin can act as a "safe-haven asset." Although the overall cryptocurrency market may be affected, altcoins in the broader crypto market may be impacted due to decreased liquidity and risk appetite. Investors may become more risk-averse, shifting funds from high-risk assets like small cryptocurrencies to safer investments.

ChainCatcher news, Allianz's Chief Economic Advisor Mohamed El-Erian stated that Bitcoin (BTC) is becoming a safe-haven asset, while U.S. Treasuries have lost their appeal following the Israel-Hamas conflict. El-Erian told CNBC on Tuesday, "People are talking about Bitcoin and stocks becoming 'safe assets' because they have lost confidence in Treasuries as a safe asset due to interest rate risks."Investors have traditionally viewed government bonds, especially those issued by the U.S. Treasury, as a safe haven, but recently Treasuries have not lived up to that reputation. The yield on the U.S. 10-year Treasury is at 4.9%, which is at least 10 basis points higher than the yield on the day before the Hamas attack on Israel on October 7. In other words, the price of the 10-year Treasury has fallen, indicating that investors are seeking safety in other assets.