Is bitcoin becoming the new gold as investors seek shelter from trade war in safe havens?

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The recent rallies in gold and bitcoin have entered their third week, with spot gold reaching a six-year high of US$1,446.10 an ounce on Thursday and the cryptocurrency hovering close to a year-high of US$10,568 on Friday.There should be very little common ground for the 10-year old cryptocurrency whose abstract existence resides purely in the decentralised computer network of the blockchain, and the centuries-old precious metal whose holders, ranging from central banks to merchants and traders…

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