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I write news post for Sweden.
Traditional commodity investments are still the conventional choice in troubled times.
That's what Coindesk writes. The market's economic turmoil seems to be increasing, and it is the traditional commodity investments that once again take over when the stock market fails.
According to a graph that analyst Holger Zschaepitz tweeted, there is now more than 40 percent risk of a recession in the United States.
In Sweden, too, there are signs of recession: yesterday's worst day of the year was reported on the Stockholm Stock Exchange.
As a result of increased concern, the gold price has risen in recent days, while Bitcoin is still stuck in the $ 8,200 to $ 8,500 range - a level that is clearly lower than this year's top listing near the $ 13,000 stretch.
Many investors have mentioned Bitcoin as a good investment in troubled times and a kind of hedge against the effects of monetary policy, but this trend seems to refute their claims, Coindesk writes.
A technical analysis of Bitcoin's price levels also shows that the risk of further falls is high, the site concludes.