US EditionBitcoin gains as U.S. labor market weakens: BTC as a safe haven, confirmed?
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Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue? The VR Soldier
Introduction It seems the U.S. labor market has hit a pothole—again. The Kansas City Fed’s Labor Market Conditions Index (LMCI) dropped for the second month straight, signaling that things on the hiring front are starting to get a little… tense. As wages slow and job creation cools, whispers of “recession” are back on Wall Street’s bingo card. But while traditional assets are breaking a sweat, Bitcoin is doing the exact opposite—sitting back, si…
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