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15:08
Saxo Bank says precious metals are once again becoming a safe haven choice for investors.
Saxo Bank stated that precious metals are once again becoming a safe haven bet for investors. At the onset of the Iran war, precious metals speculators exited the market in droves, but after several weeks of declines, gold and silver prices have gradually achieved a steady rebound. Ole Hansen from Saxo Bank said in a report, "The macro environment has changed." He further added, "A weaker US dollar, easing inflation concerns, and increasing attention to the risks of slowing growth have contributed to new demand for gold and silver." Currently, the price of gold is down 0.4%, while silver is up 0.1%.
15:05
Tom Lee: Market May Have Bottomed Despite Widespread Skepticism
BlockBeats News, April 10th, Tom Lee posted stating, "There are increasing signs that the 'bottom is in,' although there remains widespread skepticism. If you remain skeptical, you may consider buying assets that have outperformed during the 'US-Iran conflict'." Ethereum and BMNR top the list, with Bitcoin also in the mix. Cryptocurrency has proven to be a 'store of value during times of conflict.'"
15:02
Tom Lee: The market may have bottomed, and it is recommended to pay attention to assets that have outperformed since the onset of the conflict
According to Odaily, Bitmine Chairman Tom Lee stated on X that although there is still strong skepticism in the overall market, increasing signs indicate that the current market “bottom has already formed.” In a highly uncertain environment, investors can focus on assets that have led in performance since the Iran conflict, with Ethereum-related assets ranked first, followed by Bitcoin-related assets. Specifically, Tom Lee lists Ethereum and related assets (such as ETHA, BMNR) as his top picks, while also being optimistic about Bitcoin and its ETFs (such as IBIT). He previously emphasized that Ethereum showed relative strength during times of geopolitical conflict, becoming a “barometer” of the market’s resilience. Overall, Tom Lee believes that cryptocurrencies have proven to be a “store of value in times of war”; the market has gradually absorbed negative factors and risk assets have a foundation for further rebound, but this still depends on the continued stability of macro and geopolitical conditions.
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