According to BlockBeats, on October 4, Geoff Kendrick, global head of digital asset research at Standard Chartered Bank, said that gold is a geopolitical hedging tool and BTC is not a safe haven against geopolitical risks.
But he pointed out that BTC can hedge against TradFi problems such as bank failures or de-dollarization and U.S. Treasury problems. Therefore, it is still recommended that investors should buy on dips.
