Deutsche Bank analysts have highlighted parallels between gold and Bitcoin, as both assets continue to outperform this year. Other analysts have also made bullish predictions for BTC, noting that the flagship crypto appears to be mirroring the precious metal’s price action as investors jump on the ‘debasement trade.’

Deutsche Bank Draws Parallels Between Gold And Bitcoin

A Deutsche Bank report highlighted how the bank’s analysts argue that the same behavior that central banks exhibited towards gold during the 20th century has similar parallels to the way Bitcoin is now viewed. The analysts also noted that BTC is seeing record-breaking performance this year, just as gold, which topped $4,000 an ounce for the first time this month.

Furthermore, Deutsche Bank analysts stated

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